Stratos Investment Management LLC Trims Position in Schwab US Dividend Equity ETF $SCHD

Stratos Investment Management LLC reduced its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 62.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,068 shares of the company’s stock after selling 54,511 shares during the period. Stratos Investment Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Biltmore Family Office LLC lifted its position in Schwab US Dividend Equity ETF by 116.4% during the third quarter. Biltmore Family Office LLC now owns 974 shares of the company’s stock valued at $27,000 after purchasing an additional 524 shares during the period. Independence Bank of Kentucky purchased a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at about $41,000. True Wealth Design LLC lifted its holdings in shares of Schwab US Dividend Equity ETF by 42.9% in the 3rd quarter. True Wealth Design LLC now owns 1,500 shares of the company’s stock valued at $41,000 after buying an additional 450 shares during the period. Total Investment Management Inc. acquired a new stake in Schwab US Dividend Equity ETF during the second quarter worth about $43,000. Finally, Morton Brown Family Wealth LLC raised its position in Schwab US Dividend Equity ETF by 41.2% during the third quarter. Morton Brown Family Wealth LLC now owns 1,635 shares of the company’s stock valued at $45,000 after acquiring an additional 477 shares in the last quarter.

Schwab US Dividend Equity ETF Trading Up 1.1%

Schwab US Dividend Equity ETF stock opened at $31.64 on Thursday. Schwab US Dividend Equity ETF has a 12 month low of $23.87 and a 12 month high of $31.74. The stock’s 50 day simple moving average is $28.65 and its two-hundred day simple moving average is $27.69. The firm has a market cap of $83.22 billion, a PE ratio of 14.57 and a beta of 0.77.

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.