First Merchants Corp Sells 7,452 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

First Merchants Corp cut its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 5.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 131,049 shares of the company’s stock after selling 7,452 shares during the quarter. First Merchants Corp’s holdings in Schwab US Dividend Equity ETF were worth $10,190,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Central Pacific Bank Trust Division purchased a new stake in Schwab US Dividend Equity ETF during the 1st quarter valued at about $25,000. CarsonAllaria Wealth Management Ltd. purchased a new stake in Schwab US Dividend Equity ETF during the 1st quarter valued at about $26,000. Iron Horse Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF during the 2nd quarter valued at about $26,000. PFG Private Wealth Management LLC purchased a new stake in Schwab US Dividend Equity ETF during the 2nd quarter valued at about $27,000. Finally, Olistico Wealth LLC purchased a new stake in Schwab US Dividend Equity ETF during the 2nd quarter valued at about $28,000.

Schwab US Dividend Equity ETF Stock Up 1.4 %

Shares of NYSEARCA SCHD traded up $1.18 during trading on Friday, reaching $83.52. 2,488,773 shares of the company traded hands, compared to its average volume of 3,234,457. The firm has a 50 day simple moving average of $79.87 and a 200-day simple moving average of $78.76. The stock has a market capitalization of $58.59 billion, a PE ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 52-week low of $66.67 and a 52-week high of $83.56.

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.