Fortis Capital Management LLC Purchases 71,675 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Fortis Capital Management LLC grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 221.4% in the fourth quarter, HoldingsChannel reports. The fund owned 104,055 shares of the company’s stock after acquiring an additional 71,675 shares during the period. Fortis Capital Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $2,843,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Sumitomo Life Insurance Co. raised its stake in shares of Schwab US Dividend Equity ETF by 200.0% in the fourth quarter. Sumitomo Life Insurance Co. now owns 26,820,000 shares of the company’s stock worth $732,722,000 after acquiring an additional 17,880,000 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Schwab US Dividend Equity ETF by 205.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,003,626 shares of the company’s stock worth $710,419,000 after buying an additional 17,501,170 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Schwab US Dividend Equity ETF during the fourth quarter worth approximately $592,939,000. Wealthspire Advisors LLC raised its stake in shares of Schwab US Dividend Equity ETF by 195.8% during the fourth quarter. Wealthspire Advisors LLC now owns 15,144,112 shares of the company’s stock worth $413,737,000 after buying an additional 10,024,156 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Schwab US Dividend Equity ETF by 206.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,130,560 shares of the company’s stock worth $358,727,000 after buying an additional 8,848,668 shares during the last quarter.

Schwab US Dividend Equity ETF Price Performance

SCHD opened at $27.76 on Friday. The company has a market cap of $68.84 billion, a price-to-earnings ratio of 17.56 and a beta of 0.86. The firm has a 50 day simple moving average of $27.95 and a 200 day simple moving average of $28.13. Schwab US Dividend Equity ETF has a fifty-two week low of $25.18 and a fifty-two week 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.