Meriwether Wealth & Planning LLC Makes New $1.11 Million Investment in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Meriwether Wealth & Planning LLC purchased a new position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 40,689 shares of the company’s stock, valued at approximately $1,112,000. Schwab US Dividend Equity ETF makes up 0.8% of Meriwether Wealth & Planning LLC’s portfolio, making the stock its 26th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division grew its holdings in Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock worth $25,000 after acquiring an additional 604 shares in the last quarter. Hoese & Co LLP purchased a new stake in shares of Schwab US Dividend Equity ETF during the 4th quarter worth approximately $26,000. Moisand Fitzgerald Tamayo LLC lifted its position in shares of Schwab US Dividend Equity ETF by 294.3% during the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 1,041 shares of the company’s stock worth $28,000 after buying an additional 777 shares during the last quarter. PFG Private Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,029 shares of the company’s stock worth $28,000 after buying an additional 686 shares during the last quarter. Finally, IFS Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF by 184.4% during the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after buying an additional 699 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.4 %

Shares of NYSEARCA:SCHD opened at $28.46 on Monday. The company has a market capitalization of $69.73 billion, a PE ratio of 17.56 and a beta of 0.88. Schwab US Dividend Equity ETF has a twelve month low of $25.18 and a twelve month high of $29.72. The firm has a 50 day simple moving average of $27.85 and a 200-day simple moving average of $28.13.

Schwab US Dividend Equity ETF Company 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.