Schwab U.S. Dividend Equity ETF Breaks Out to $28.10; $72M Stake Trimmed
Schwab U.S. Dividend Equity ETF (SCHD) staged a bullish breakout above resistance, touching $28.10 for the first time since November 2024, suggesting a potential rally toward $30. In the third quarter, Asset Advisors trimmed its position by 2.9% to 2.64 million shares ($72.1 million), while multiple peers boosted holdings.
1. Institutional Investor Activity Highlights
During the third quarter, Asset Advisors Investment Management LLC trimmed its SCHD stake by 2.9%, selling 79,563 shares and reducing its total to 2,642,822 shares. SCHD now represents 6.8% of that firm’s overall holdings, ranking it as their third-largest position, with a reported value of $72.1 million at quarter-end. In contrast, MassMutual Private Wealth & Trust FSB boosted its exposure by 68.9%, acquiring 26,200 additional shares to reach 64,225 shares valued at $1.75 million. Cerity Partners LLC expanded its position by 18.0%, ending the period with 6.6 million shares worth $180.2 million. Galvin Gaustad & Stein LLC added 3,860 shares (up 8.4%) to hold 49,850 shares valued at $1.36 million. Capital & Planning LLC more than doubled its stake, increasing by 92.4% to own 17,002 shares valued at $464,000. Barry Investment Advisors LLC also increased its allocation by 8.8%, adding 18,282 shares to reach 225,723 shares valued at $6.16 million.
2. Fund Profile and Index Methodology
Schwab U.S. Dividend Equity ETF tracks the Dow Jones U.S. Dividend 100 Index, a market-cap–weighted benchmark of 100 U.S. companies selected for dividend yield and fundamental strength. Launched on October 20, 2011 and managed by Schwab, the fund emphasizes companies with sustainable payouts and solid balance sheets. Its portfolio is concentrated in defensive sectors—energy, consumer staples, healthcare and industrials—which together represent roughly two-thirds of its holdings, supporting both income generation and volatility mitigation for long-term investors.