Stratos Investment Management LLC Increases Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Stratos Investment Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 290.5% during the 4th quarter, Holdings Channel reports. The firm owned 881,329 shares of the company’s stock after acquiring an additional 655,643 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 1.4% of Stratos Investment Management LLC’s investment portfolio, making the stock its 19th largest position. Stratos Investment Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $24,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Kennebec Savings Bank acquired a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $31,000. Legacy Investment Solutions LLC acquired a new stake in shares of Schwab US Dividend Equity ETF in the third quarter worth $34,000. Barrett & Company Inc. purchased a new position in shares of Schwab US Dividend Equity ETF during the third quarter worth $34,000. Cassady Schiller Wealth Management LLC acquired a new position in Schwab US Dividend Equity ETF during the third quarter valued at $38,000. Finally, Phillips Financial Management LLC boosted its holdings in Schwab US Dividend Equity ETF by 144.8% in the third quarter. Phillips Financial Management LLC now owns 661 shares of the company’s stock valued at $56,000 after purchasing an additional 391 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Performance

NYSEARCA SCHD opened at $27.76 on Wednesday. The firm has a market capitalization of $19.47 billion, a P/E ratio of 15.04 and a beta of 0.74. The stock has a 50-day simple moving average of $27.98 and a two-hundred day simple moving average of $27.97. Schwab US Dividend Equity ETF has a fifty-two week low of $25.16 and a fifty-two week high of $29.72.

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.