Axxcess Wealth Management LLC Buys 470,390 Shares of Schwab US Dividend Equity ETF $SCHD

Axxcess Wealth Management LLC boosted its stake in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 70.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,137,362 shares of the company’s stock after purchasing an additional 470,390 shares during the period. 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.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Colorado Capital Management Inc. raised its position in Schwab US Dividend Equity ETF by 0.9% in the fourth quarter. Colorado Capital Management Inc. now owns 38,637 shares of the company’s stock worth $1,060,000 after acquiring an additional 362 shares during the period. Westside Investment Management Inc. raised its position in Schwab US Dividend Equity ETF by 5.6% in the third quarter. Westside Investment Management Inc. now owns 7,204 shares of the company’s stock worth $198,000 after acquiring an additional 383 shares during the period. International Private Wealth Advisors LLC raised its position in Schwab US Dividend Equity ETF by 3.3% in the fourth quarter. International Private Wealth Advisors LLC now owns 12,398 shares of the company’s stock worth $340,000 after acquiring an additional 397 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Schwab US Dividend Equity ETF by 3.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 12,384 shares of the company’s stock worth $339,000 after acquiring an additional 402 shares during the period. Finally, Archer Investment Corp raised its position in Schwab US Dividend Equity ETF by 5.0% in the fourth quarter. Archer Investment Corp now owns 8,534 shares of the company’s stock worth $234,000 after acquiring an additional 404 shares during the period.

More Schwab US Dividend Equity ETF News

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%

SCHD opened at $32.25 on Friday. Schwab US Dividend Equity ETF has a 1-year low of $25.69 and a 1-year high of $32.26. The company has a market capitalization of $91.55 billion, a PE ratio of 14.57 and a beta of 0.68. The firm’s 50 day simple moving average is $31.09 and its two-hundred day simple moving average is $29.63.

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.