Aspen Investment Management Inc has increased its ownership of the Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 14.9% during the second quarter of 2023. According to a recent filing with the Securities and Exchange Commission (SEC), the institutional investor now holds 19,509 shares, having acquired an additional 2,537 shares during the quarter. The total value of Aspen’s holdings in the ETF is approximately $517,000.
The move by Aspen Investment Management Inc is part of a broader trend, as several large investors are also increasing their stakes in the Schwab US Dividend Equity ETF. Notably, Kozak & Associates Inc reported a remarkable 476.1% increase in their holdings of SCHD during the same period, now owning 1,135 shares valued at about $31,000 after purchasing an additional 938 shares.
PrairieView Partners LLC has similarly boosted its position by 57.3%, acquiring 1,282 shares worth around $33,000 after adding 467 shares in the last quarter. Financial Management Professionals Inc also increased its stake significantly, with a 241.9% rise, bringing their total to 1,282 shares valued at $34,000 following an additional 907 shares purchased.
In addition, Vaughan Nelson Investment Management L.P. and Keystone Global Partners LLC entered the market, with Vaughan Nelson acquiring a new stake valued at approximately $39,000 and Keystone Global Partners investing about $56,000 in the first quarter.
Market Performance of Schwab US Dividend Equity ETF
As of Wednesday, shares of the Schwab US Dividend Equity ETF opened at $27.16, reflecting a 0.6% increase. The ETF has a market capitalization of $70.23 billion, a price-to-earnings (PE) 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 is $26.94. Over the past year, the ETF has experienced a low of $23.87 and a high of $29.72.
Launched on October 20, 2011, the Schwab US Dividend Equity ETF is designed to track the Dow Jones U.S. Dividend 100 Index, which consists of 100 dividend-paying U.S. equities, weighted by market capitalization. Managed by Schwab, the ETF aims to provide investors with exposure to high-quality dividend-paying stocks.
For those interested in tracking further developments or changes in holdings, HoldingsChannel.com offers insights into the latest 13F filings and insider trades related to the Schwab US Dividend Equity ETF.
