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

Prospect Financial Services LLC reduced its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 43.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,249 shares of the company’s stock after selling 30,356 shares during the period. 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 have also recently made changes to their positions in SCHD. Sumitomo Life Insurance Co. purchased a new position in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at about $847,665,000. Cibc World Market Inc. lifted its position in shares of Schwab US Dividend Equity ETF by 243.5% during the 3rd quarter. Cibc World Market Inc. now owns 5,328,615 shares of the company’s stock valued at $145,471,000 after buying an additional 3,777,339 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in Schwab US Dividend Equity ETF by 52.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock worth $253,570,000 after purchasing an additional 3,170,728 shares in the last quarter. Evergreen Advisors LLC purchased a new position in Schwab US Dividend Equity ETF in the 4th quarter worth approximately $41,630,000. Finally, Lido Advisors LLC purchased a new position in Schwab US Dividend Equity ETF in the 3rd quarter worth approximately $32,308,000.

Schwab US Dividend Equity ETF News Roundup

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?

Schwab US Dividend Equity ETF Trading Up 0.4%

NYSEARCA SCHD opened at $32.25 on Friday. The stock’s 50 day moving average is $31.09 and its 200 day moving average is $29.63. Schwab US Dividend Equity ETF has a 12 month low of $25.69 and a 12 month high of $32.26. The stock has a market cap of $91.55 billion, a PE ratio of 14.57 and a beta of 0.68.

Schwab US Dividend Equity ETF Company Profile

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.