First Merchants Corp Sells 70,063 Shares of Schwab US Dividend Equity ETF $SCHD

First Merchants Corp decreased its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 21.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 251,042 shares of the company’s stock after selling 70,063 shares during the period. First Merchants Corp’s holdings in Schwab US Dividend Equity ETF were worth $6,853,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Kozak & Associates Inc. boosted its stake in shares of Schwab US Dividend Equity ETF by 476.1% in the 2nd quarter. Kozak & Associates Inc. now owns 1,135 shares of the company’s stock valued at $31,000 after purchasing an additional 938 shares in the last quarter. PrairieView Partners LLC increased its position in shares of Schwab US Dividend Equity ETF by 57.3% during the 2nd quarter. PrairieView Partners LLC now owns 1,282 shares of the company’s stock worth $33,000 after purchasing an additional 467 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in Schwab US Dividend Equity ETF by 241.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,282 shares of the company’s stock valued at $34,000 after purchasing an additional 907 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Schwab US Dividend Equity ETF during the 2nd quarter valued at about $39,000. Finally, Independence Bank of Kentucky acquired a new position in Schwab US Dividend Equity ETF in the third quarter valued at about $41,000.

Schwab US Dividend Equity ETF Trading Up 0.6%

Shares of Schwab US Dividend Equity ETF stock opened at $28.09 on Wednesday. The stock has a market capitalization of $73.28 billion, a price-to-earnings ratio of 14.57 and a beta of 0.77. The firm’s 50-day moving average price is $27.32 and its two-hundred day moving average price is $27.23. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $28.84.

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.