Prospect Financial Services LLC Lowers Holdings in Schwab US Dividend Equity ETF $SCHD

Prospect Financial Services LLC cut its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 43.0% during the fourth quarter, Holdings Channel reports. The firm owned 40,249 shares of the company’s stock after selling 30,356 shares during the quarter. Prospect Financial Services LLC’s holdings in Schwab US Dividend Equity ETF were worth $1,104,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SCHD. Ignite Planners LLC increased its stake in Schwab US Dividend Equity ETF by 14.2% in the 4th quarter. Ignite Planners LLC now owns 10,076 shares of the company’s stock worth $300,000 after acquiring an additional 1,256 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in Schwab US Dividend Equity ETF by 70.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,137,362 shares of the company’s stock worth $31,198,000 after acquiring an additional 470,390 shares during the last quarter. Kingdom Financial Group LLC. bought a new stake in Schwab US Dividend Equity ETF in the 4th quarter worth approximately $289,000. Van Hulzen Asset Management LLC increased its stake in Schwab US Dividend Equity ETF by 5.3% in the 4th quarter. Van Hulzen Asset Management LLC now owns 17,700 shares of the company’s stock worth $486,000 after acquiring an additional 888 shares during the last quarter. Finally, Bare Financial Services Inc bought a new stake in Schwab US Dividend Equity ETF in the 4th quarter worth approximately $1,191,000.

Schwab US Dividend Equity ETF Price Performance

NYSEARCA:SCHD opened at $32.25 on Friday. Schwab US Dividend Equity ETF has a 1 year low of $25.69 and a 1 year high of $32.26. The stock’s 50 day simple moving average is $31.09 and its two-hundred day simple moving average is $29.63. The company has a market cap of $91.55 billion, a price-to-earnings ratio of 14.57 and a beta of 0.68.

More Schwab US Dividend Equity ETF News

Here are the key news stories impacting Schwab US Dividend Equity ETF this week:

• Positive Sentiment: Seeking Alpha upgraded SCHD, saying the ETF offers an improved buying opportunity after its reconstitution, with stronger technology exposure, meaningful energy holdings, a valuation discount to the S&P 500, and a steady dividend yield. SCHD: The Buying Opportunity Is Finally Flashing (Upgrade)
• Positive Sentiment: Several other articles framed SCHD and similar dividend ETFs as attractive income vehicles during a period of higher bond yields, inflation pressure, and summer volatility, which can support demand for defensive dividend funds. A $1.7 million portfolio that quietly pays $9,800 a month and outpaces the median US mortgage payment twice over
• Neutral Sentiment: Articles about income-focused portfolios and dividend strategies broadly reinforce interest in dividend ETFs, but they do not cite any new SCHD-specific catalyst beyond ongoing investor attention to yield and retirement income. 3 Dividend ETFs to Lock In Before Summer Volatility Picks Up
• Neutral Sentiment: One piece reviewed SCHD after its reconstitution and asked whether it had delivered, which suggests continued scrutiny of performance but no clearly negative development. SCHD After The Reconstitution: Has It Actually Delivered?

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.