First Merchants Corp Sells 20,661 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

First Merchants Corp lowered its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 4.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 401,443 shares of the company’s stock after selling 20,661 shares during the period. First Merchants Corp’s holdings in Schwab US Dividend Equity ETF were worth $11,224,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Eagle Capital Management LLC boosted its position in shares of Schwab US Dividend Equity ETF by 204.9% in the fourth quarter. Eagle Capital Management LLC now owns 862,365 shares of the company’s stock valued at $23,560,000 after acquiring an additional 579,549 shares during the period. Brighton Jones LLC boosted its holdings in Schwab US Dividend Equity ETF by 404.6% in the 4th quarter. Brighton Jones LLC now owns 105,089 shares of the company’s stock valued at $2,871,000 after purchasing an additional 84,262 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Schwab US Dividend Equity ETF by 206.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 76,685 shares of the company’s stock worth $2,095,000 after purchasing an additional 51,696 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,733 shares of the company’s stock worth $75,000 after purchasing an additional 1,822 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Schwab US Dividend Equity ETF by 359.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,470 shares of the company’s stock worth $40,000 after purchasing an additional 1,150 shares during the period.

Schwab US Dividend Equity ETF Trading Up 0.7%

NYSEARCA SCHD opened at $26.39 on Friday. The company has a market cap of $68.78 billion, a price-to-earnings ratio of 14.34 and a beta of 0.88. The company has a 50 day moving average of $26.19 and a 200-day moving average of $27.03. Schwab US Dividend Equity ETF has a 1-year low of $23.87 and a 1-year high of $29.72.

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.