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 a total of 19,509 shares after acquiring an additional 2,537 shares. As of its latest filing with the U.S. Securities and Exchange Commission, Aspen’s investment in the ETF is valued at approximately $517,000.
Several other institutional investors have also expanded their stakes in the Schwab US Dividend Equity ETF. Kozak & Associates Inc significantly raised its position by 476.1%, now holding 1,135 shares worth $31,000 after purchasing an additional 938 shares in the last quarter. PrairieView Partners LLC increased its holdings by 57.3%, bringing its total to 1,282 shares valued at $33,000 following the acquisition of 467 shares.
Financial Management Professionals Inc reported a remarkable growth of 241.9% in its position, now owning 1,282 shares worth $34,000 after adding 907 shares. Additionally, Vaughan Nelson Investment Management L.P. and Keystone Global Partners LLC entered new positions in the ETF, valued at around $39,000 and $56,000 respectively.
Market Performance Overview
On Wednesday, shares of the Schwab US Dividend Equity ETF opened at $27.16. The ETF boasts a market capitalization of $70.23 billion, a price-to-earnings (PE) ratio of 14.57, and a beta of 0.77. The stock’s performance has shown stability, with a 50-day moving average price of $27.07 and a 200-day moving average price of $26.94. Over the past year, the ETF reached 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 100 dividend-paying U.S. equities. Launched on October 20, 2011, the ETF has become a popular choice among investors seeking income through dividends while maintaining exposure to U.S. equities.
For those interested in tracking further developments or holdings related to SCHD, HoldingsChannel.com provides updates on the latest 13F filings and insider trades.
