Meridian Wealth Management LLC Acquires 759 Shares of Schwab US Small-Cap ETF (SCHA)

Meridian Wealth Management LLC raised its holdings in shares of Schwab US Small-Cap ETF (NYSEARCA:SCHA) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,845 shares of the company’s stock after purchasing an additional 759 shares during the quarter. Schwab US Small-Cap ETF accounts for approximately 1.1% of Meridian Wealth Management LLC’s portfolio, making the stock its 22nd largest position. Meridian Wealth Management LLC’s holdings in Schwab US Small-Cap ETF were worth $2,578,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Selective Wealth Management bought a new stake in shares of Schwab US Small-Cap ETF in the 3rd quarter worth $100,000. PNC Financial Services Group Inc. grew its stake in shares of Schwab US Small-Cap ETF by 96.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,570 shares of the company’s stock worth $108,000 after acquiring an additional 769 shares in the last quarter. Westbourne Investment Advisors Inc. bought a new stake in shares of Schwab US Small-Cap ETF in the 3rd quarter worth $142,000. Valeo Financial Advisors LLC grew its stake in shares of Schwab US Small-Cap ETF by 12,600.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,032 shares of the company’s stock worth $153,000 after acquiring an additional 2,016 shares in the last quarter. Finally, Altfest L J & Co. Inc. bought a new stake in shares of Schwab US Small-Cap ETF in the 2nd quarter worth $206,000.

Shares of NYSEARCA SCHA traded down $0.49 during trading on Friday, hitting $69.74. The stock had a trading volume of 5,716 shares, compared to its average volume of 432,311. Schwab US Small-Cap ETF has a 12 month low of $65.16 and a 12 month high of $78.34.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Wednesday, September 26th were paid a $0.2213 dividend. This is a positive change from Schwab US Small-Cap ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Tuesday, September 25th. This represents a $0.89 annualized dividend and a dividend yield of 1.27%.

Schwab US Small-Cap ETF Profile

Schwab U.S. Small-Cap ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. The Dow Jones U.S. Small-Cap Total Stock Market Index includes the components ranked 751-2500 by full market capitalization. The Index is a float-adjusted market capitalization weighted index.

Further Reading: Buyback

Institutional Ownership by Quarter for Schwab US Small-Cap ETF (NYSEARCA:SCHA)

Receive News & Ratings for Schwab US Small-Cap ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab US Small-Cap ETF and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply