Fortitude Family Office LLC Increases Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Fortitude Family Office LLC boosted its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 89.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,985 shares of the company’s stock after buying an additional 1,410 shares during the period. Fortitude Family Office LLC’s holdings in Schwab US Dividend Equity ETF were worth $82,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Schwab US Dividend Equity ETF by 7.2% in the third quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock valued at $132,552,000 after buying an additional 104,855 shares during the period. GAMMA Investing LLC raised its holdings in Schwab US Dividend Equity ETF by 200.0% in 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 period. Wilmington Savings Fund Society FSB purchased a new position in Schwab US Dividend Equity ETF in the third quarter valued at approximately $163,000. Synovus Financial Corp raised its holdings in Schwab US Dividend Equity ETF by 148.1% in the third quarter. Synovus Financial Corp now owns 42,517 shares of the company’s stock valued at $3,594,000 after buying an additional 25,380 shares during the period. Finally, Anchor Investment Management LLC raised its holdings in Schwab US Dividend Equity ETF by 1.1% in the third quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after buying an additional 428 shares during the period.

Schwab US Dividend Equity ETF Stock Down 1.1 %

Shares of NYSEARCA:SCHD opened at $27.01 on Friday. Schwab US Dividend Equity ETF has a 52-week low of $24.97 and a 52-week high of $29.72. The company has a 50 day moving average of $28.29 and a two-hundred day moving average of $27.75. The company has a market capitalization of $18.95 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74.

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.