Meridian Wealth Partners LLC Sells 407 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Meridian Wealth Partners LLC cut its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,725 shares of the company’s stock after selling 407 shares during the quarter. Meridian Wealth Partners LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,689,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SCHD. Sumitomo Life Insurance Co. increased its stake in shares of Schwab US Dividend Equity ETF by 110.7% during the 1st quarter. Sumitomo Life Insurance Co. now owns 6,320,000 shares of the company’s stock worth $471,352,000 after purchasing an additional 3,320,000 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Schwab US Dividend Equity ETF by 5,259.9% during the 2nd quarter. Strategic Financial Concepts LLC now owns 3,114,560 shares of the company’s stock worth $242,188,000 after purchasing an additional 3,056,451 shares during the last quarter. Charles Schwab Trust Bank acquired a new position in shares of Schwab US Dividend Equity ETF during the 1st quarter worth about $146,782,000. Wulff Hansen & CO. increased its stake in shares of Schwab US Dividend Equity ETF by 8,405.3% during the 2nd quarter. Wulff Hansen & CO. now owns 1,455,434 shares of the company’s stock worth $113,175,000 after purchasing an additional 1,438,322 shares during the last quarter. Finally, Focus Financial Network Inc. ADV acquired a new position in shares of Schwab US Dividend Equity ETF during the 4th quarter worth about $95,831,000.

Schwab US Dividend Equity ETF Price Performance

Schwab US Dividend Equity ETF stock opened at $84.09 on Wednesday. The firm has a market capitalization of $58.99 billion, a PE ratio of 15.04 and a beta of 0.74. The company’s 50-day moving average is $81.84 and its 200-day moving average is $79.51. Schwab US Dividend Equity ETF has a fifty-two week low of $66.67 and a fifty-two week high of $84.59.

About Schwab US Dividend Equity ETF

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.