In the third quarter of 2023, a bullish trend was observed in the Schwab US Dividend Equity ETF (SCHD) as per the latest 13F filings, with five out of eight hedge funds that held SCHD increasing their stakes. The filings revealed a 2.99% increase in SCHD holdings across all funds, indicating growing interest amidst positive market sentiment.
One fund, however, reduced its stake in SCHD, according to the 13F filings. These filings provide a snapshot of the fund's long positions but do not include bearish bets, potentially creating misconceptions about a fund's overall strategy.
The top three funds with the largest SCHD holdings are under scrutiny for potential future market trends. Despite the inherent limitations of 13F filings, their comprehensive analysis can yield valuable insights and promising stock investment ideas.
While these filings only report long positions and may not fully represent a fund's overall strategy, they still offer significant insights into market trends and investment patterns. The increase in SCHD holdings among hedge funds suggests a positive outlook on this ETF, which analysts and investors are closely monitoring for future developments and trends.
InvestingPro Insights
In light of the recent bullish trend in SCHD, InvestingPro provides some crucial tips and data. With a commendable track record of raising its dividend for 12 consecutive years, SCHD is a stable option for investors seeking consistent returns. Additionally, the stock is known for its low price volatility, making it a potentially safe investment during tumultuous market conditions.
InvestingPro's real-time data also provides valuable insights into SCHD's performance. As of Q3 2023, SCHD boasts a market capitalization of $47.19 billion USD. The ETF also offers an attractive dividend yield of 3.74%, with the last dividend payment made on September 20, 2023.
Over the past week, SCHD has seen a total return of 2.76%, reflecting the recent uptick in investor interest. Despite a slight dip over the past three months, the ETF has managed to maintain a positive return over the last six months.
These insights, along with hundreds of other tips, are part of InvestingPro's comprehensive suite of investment tools. The platform offers a wealth of information to help investors make informed decisions and stay ahead of market trends.
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