Axxcess Wealth Management LLC lifted its position in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 70.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,137,362 shares of the company’s stock after purchasing an additional 470,390 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Schwab US Dividend Equity ETF were worth $31,198,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Life Insurance Co. purchased a new position in Schwab US Dividend Equity ETF during the third quarter valued at $847,665,000. Avantax Planning Partners Inc. grew its stake in Schwab US Dividend Equity ETF by 3.8% during the fourth quarter. Avantax Planning Partners Inc. now owns 10,106,223 shares of the company’s stock valued at $277,214,000 after acquiring an additional 366,548 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its stake in Schwab US Dividend Equity ETF by 52.2% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 9,244,248 shares of the company’s stock valued at $253,570,000 after acquiring an additional 3,170,728 shares in the last quarter. MML Investors Services LLC grew its stake in Schwab US Dividend Equity ETF by 3.2% during the second quarter. MML Investors Services LLC now owns 6,058,642 shares of the company’s stock valued at $160,554,000 after acquiring an additional 185,649 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in Schwab US Dividend Equity ETF by 0.6% during the third quarter. HighTower Advisors LLC now owns 5,684,538 shares of the company’s stock valued at $155,188,000 after acquiring an additional 33,472 shares in the last quarter.
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 Stock Performance
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.
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Want to see what other hedge funds are holding SCHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report).
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