Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Shares Acquired by Meridian Wealth Partners LLC

Meridian Wealth Partners LLC raised its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 184.4% in the 4th quarter, HoldingsChannel reports. The fund owned 60,549 shares of the company’s stock after buying an additional 39,257 shares during the quarter. Meridian Wealth Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,654,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. LPL Financial LLC boosted its position in shares of Schwab US Dividend Equity ETF by 214.9% during the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock worth $992,120,000 after acquiring an additional 24,783,386 shares in the last quarter. Sumitomo Life Insurance Co. boosted its position in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after acquiring an additional 17,880,000 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Schwab US Dividend Equity ETF by 205.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after acquiring an additional 17,501,170 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth about $592,939,000. Finally, Wealthspire Advisors LLC boosted its position in shares of Schwab US Dividend Equity ETF by 195.8% during the 4th quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after acquiring an additional 10,024,156 shares in the last quarter.

Schwab US Dividend Equity ETF Stock Down 0.7 %

Shares of NYSEARCA SCHD opened at $27.76 on Friday. The stock has a market cap of $68.84 billion, a PE ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The business has a 50-day moving average price of $27.95 and a 200 day moving average price of $28.13.

Schwab US Dividend Equity ETF Profile

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.