Prosperity Consulting Group LLC Sells 60,561 Shares of Schwab US Dividend Equity ETF $SCHD

Prosperity Consulting Group LLC cut its position in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 8.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 650,312 shares of the company’s stock after selling 60,561 shares during the quarter. Schwab US Dividend Equity ETF accounts for 0.9% of Prosperity Consulting Group LLC’s portfolio, making the stock its 22nd biggest holding. Prosperity Consulting Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $19,952,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC lifted its position in shares of Schwab US Dividend Equity ETF by 3.3% in the 1st quarter. MeadowBrook Investment Advisors LLC now owns 10,182 shares of the company’s stock worth $312,000 after acquiring an additional 325 shares during the period. Semus Wealth Partners LLC grew its holdings in shares of Schwab US Dividend Equity ETF by 0.7% during the 1st quarter. Semus Wealth Partners LLC now owns 51,317 shares of the company’s stock worth $1,574,000 after purchasing an additional 347 shares in the last quarter. Harmony Asset Management LLC increased its position in shares of Schwab US Dividend Equity ETF by 3.8% during the first quarter. Harmony Asset Management LLC now owns 9,585 shares of the company’s stock valued at $294,000 after purchasing an additional 354 shares during the period. Colorado Capital Management Inc. increased its position in shares of Schwab US Dividend Equity ETF by 0.9% during the fourth quarter. Colorado Capital Management Inc. now owns 38,637 shares of the company’s stock valued at $1,060,000 after purchasing an additional 362 shares during the period. Finally, First Pacific Financial raised its stake in shares of Schwab US Dividend Equity ETF by 8.9% in the first quarter. First Pacific Financial now owns 4,681 shares of the company’s stock valued at $144,000 after purchasing an additional 383 shares in the last quarter.

Key Stories Impacting Schwab US Dividend Equity ETF

Here are the key news stories impacting Schwab US Dividend Equity ETF this week:

• Positive Sentiment: Analysts say SCHD has held up well versus the S&P 500, helped by its emphasis on profitable, dividend-paying companies and a relatively defensive sector mix. SCHD: Your ETF To Hide From The AI Bottleneck Bust
• Positive Sentiment: Coverage continues to frame SCHD as a reliable “defensive income” ETF, with comments pointing to its dividend yield, payout growth, and capital appreciation potential as reasons for investor demand. SCHD: Dividend Yield, Payout Growth, And Capital Appreciation: Defensive Income Play
• Positive Sentiment: Recent pieces also note that SCHD has posted a strong comeback and has even outperformed QQQ on a total-return basis in some periods, which can support inflows from performance-seeking investors. SCHD Is Getting Loaded With AI Stocks Now. Is It Still a “Safe” Dividend ETF?
• Neutral Sentiment: Some articles question whether SCHD is still the best fit for retirees, noting that other dividend ETFs may offer higher yields or stronger recent total returns. Why Retirees Are Quietly Moving From SCHD to These Two International Dividend ETFs Paying More Yield
• Neutral Sentiment: Other coverage compares SCHD with JEPI and VYM or notes that competing income ETFs have outperformed since 2022, but these are mostly relative-performance comparisons rather than signs of fundamental weakness. SCHD, JEPI, or VYM? Which ETF Fits 3 Different Types of Retirees

Schwab US Dividend Equity ETF Price Performance

Shares of SCHD stock opened at $33.04 on Friday. The stock has a market cap of $100.55 billion, a P/E ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a one year low of $26.21 and a one year high of $33.04. The stock has a fifty day moving average price of $32.23 and a 200 day moving average price of $31.05.

About Schwab US Dividend Equity ETF

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.