Meridian Wealth Advisors LLC Has $469,000 Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Meridian Wealth Advisors LLC lifted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 200.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,163 shares of the company’s stock after purchasing an additional 11,442 shares during the period. Meridian Wealth Advisors LLC’s holdings in Schwab US Dividend Equity ETF were worth $469,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. LPL Financial LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 214.9% in the 4th quarter. LPL Financial LLC now owns 36,314,776 shares of the company’s stock valued at $992,120,000 after purchasing an additional 24,783,386 shares during the last quarter. Sumitomo Life Insurance Co. boosted its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock valued at $732,722,000 after purchasing an additional 17,880,000 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 205.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock valued at $710,419,000 after purchasing an additional 17,501,170 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Schwab US Dividend Equity ETF in the 4th quarter valued at about $592,939,000. Finally, Wealthspire Advisors LLC boosted its stake in shares of Schwab US Dividend Equity ETF by 195.8% in the 4th quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock valued at $413,737,000 after purchasing an additional 10,024,156 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.7 %

Shares of NYSEARCA SCHD opened at $27.76 on Friday. The firm has a market capitalization of $68.84 billion, a PE ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a 1 year low of $25.18 and a 1 year high of $29.72. The firm’s 50-day moving average is $27.95 and its 200-day moving average is $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.