Aspen Investment Management Inc has increased its stake in the Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 14.9% during the second quarter of 2023. The institutional investor now holds 19,509 shares of the ETF, having acquired an additional 2,537 shares in this period. According to its most recent filing with the Securities and Exchange Commission, Aspen’s holdings in the ETF are valued at approximately $517,000.
A number of other large investors have also made moves regarding their positions in SCHD. Kozak & Associates Inc significantly expanded its holdings by 476.1%, now owning 1,135 shares worth about $31,000 after acquiring an additional 938 shares. PrairieView Partners LLC increased its stake by 57.3%, bringing its total to 1,282 shares, valued at $33,000 after purchasing 467 additional shares. Financial Management Professionals Inc further boosted its position by 241.9%, owning 1,282 shares worth $34,000 following the acquisition of 907 shares.
Vaughan Nelson Investment Management L.P. and Keystone Global Partners LLC also entered the fray, with the former purchasing a new stake valued at around $39,000 and the latter at approximately $56,000 during the first quarter.
Current Performance and Market Insights
As of Wednesday, shares of the Schwab US Dividend Equity ETF opened at $27.16. The ETF has a market capitalization of $70.23 billion, a price-to-earnings ratio of 14.57, and a beta of 0.77. Its 50-day moving average price stands at $27.07, while the 200-day moving average price is $26.94. Over the past year, the stock 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 is a market-cap-weighted index consisting of 100 dividend-paying U.S. equities. Launched on October 20, 2011, the ETF is managed by Schwab, offering investors a diversified portfolio focused on income generation.
For those interested in tracking the holdings of hedge funds in SCHD, additional insights can be found through HoldingsChannel.com, which provides the latest 13F filings and insider trades related to the Schwab US Dividend Equity ETF.
