Stratos Investment Management LLC Purchases 655,643 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Stratos Investment Management LLC lifted its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 290.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 881,329 shares of the company’s stock after buying an additional 655,643 shares during the quarter. Schwab US Dividend Equity ETF makes up 1.4% of Stratos Investment Management LLC’s holdings, making the stock its 19th largest holding. Stratos Investment Management LLC owned about 0.13% of Schwab US Dividend Equity ETF worth $24,078,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in SCHD. JPMorgan Chase & Co. raised its position in shares of Schwab US Dividend Equity ETF by 7.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock worth $132,552,000 after acquiring an additional 104,855 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock valued at $266,000 after buying an additional 6,502 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $163,000. Synovus Financial Corp raised its stake in shares of Schwab US Dividend Equity ETF by 148.1% during the 3rd quarter. Synovus Financial Corp now owns 42,517 shares of the company’s stock worth $3,594,000 after acquiring an additional 25,380 shares in the last quarter. Finally, Anchor Investment Management LLC lifted its position in Schwab US Dividend Equity ETF by 1.1% during the third quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after acquiring an additional 428 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Up 0.1 %

NYSEARCA SCHD opened at $27.76 on Wednesday. The firm’s fifty day simple moving average is $27.98 and its two-hundred day simple moving average is $27.97. The firm has a market capitalization of $19.47 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 12-month low of $25.16 and a 12-month 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.