Aspen Investment Management Inc has increased its holdings in the Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 14.9% during the second quarter of 2023. According to HoldingsChannel, the institutional investor now owns 19,509 shares after acquiring an additional 2,537 shares in this period. As of the most recent filing with the Securities and Exchange Commission, Aspen’s stake in the ETF is valued at approximately $517,000.
Several other investment firms have also adjusted their positions in the Schwab US Dividend Equity ETF. Notably, Kozak & Associates Inc increased its stake by an impressive 476.1%, bringing its total holdings to 1,135 shares, valued at $31,000 after purchasing an additional 938 shares in the last quarter. PrairieView Partners LLC expanded its position by 57.3%, now holding 1,282 shares worth $33,000 following a purchase of 467 shares.
Financial Management Professionals Inc also saw significant growth in its investment, increasing its stake by 241.9%, resulting in ownership of 1,282 shares valued at $34,000 after acquiring 907 shares. Additionally, Vaughan Nelson Investment Management L.P. and Keystone Global Partners LLC both established new stakes in the ETF, valued at approximately $39,000 and $56,000, respectively.
Current Performance of the Schwab ETF
As of Wednesday, shares of the Schwab US Dividend Equity ETF opened at $27.16. The fund boasts a market capitalization of $70.23 billion, a price-to-earnings ratio of 14.57, and a beta of 0.77. The ETF’s current 50-day moving average price is $27.07, while its 200-day moving average price stands at $26.94. Over the past year, the ETF has experienced a low of $23.87 and a high of $29.72.
The Schwab US Dividend Equity ETF is designed to track the Dow Jones U.S. Dividend 100 index, which comprises a market-cap-weighted selection of 100 dividend-paying U.S. equities. Launched on October 20, 2011, the ETF is managed by Charles Schwab Investment Management.
Investors interested in tracking further developments related to the Schwab US Dividend Equity ETF can find updates on various financial platforms, including HoldingsChannel.com, which provides insights into hedge fund holdings and insider trades.
