Meridian Financial LLC Purchases 237,320 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Meridian Financial LLC increased its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 195.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 358,527 shares of the company’s stock after purchasing an additional 237,320 shares during the quarter. Schwab US Dividend Equity ETF accounts for about 6.8% of Meridian Financial LLC’s investment portfolio, making the stock its largest holding. Meridian Financial LLC owned approximately 0.05% of Schwab US Dividend Equity ETF worth $9,795,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Orgel Wealth Management LLC lifted its stake in shares of Schwab US Dividend Equity ETF by 159.8% during the fourth quarter. Orgel Wealth Management LLC now owns 11,062,243 shares of the company’s stock worth $302,220,000 after purchasing an additional 6,804,908 shares in the last quarter. Keystone Financial Planning Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 188.6% during the 4th quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock valued at $146,589,000 after buying an additional 3,506,729 shares during the period. Ameritas Advisory Services LLC raised its holdings in shares of Schwab US Dividend Equity ETF by 217.1% during the 4th quarter. Ameritas Advisory Services LLC now owns 2,173,729 shares of the company’s stock valued at $59,386,000 after buying an additional 1,488,281 shares during the period. Howard Financial Services LTD. lifted its position in Schwab US Dividend Equity ETF by 207.6% during the 4th quarter. Howard Financial Services LTD. now owns 2,021,759 shares of the company’s stock worth $55,234,000 after acquiring an additional 1,364,511 shares in the last quarter. Finally, Marquette Asset Management LLC grew its position in Schwab US Dividend Equity ETF by 200.7% in the fourth quarter. Marquette Asset Management LLC now owns 2,017,395 shares of the company’s stock valued at $55,115,000 after acquiring an additional 1,346,461 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.6 %

NYSEARCA SCHD opened at $27.99 on Friday. The company’s fifty day simple moving average is $28.19 and its 200-day simple moving average is $27.82. The stock has a market cap of $19.63 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52 week low of $25.03 and a 52 week high of $29.72.

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.