Cypress Capital Advisors LLC has significantly increased its investment in the Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by acquiring an additional 45,591 shares in the second quarter of 2023. According to the firm’s latest filing with the Securities and Exchange Commission (SEC), this move raised its total holdings in the ETF to 248,828 shares, marking a 22.4% increase from the previous quarter. The Schwab US Dividend Equity ETF now represents approximately 4.1% of Cypress Capital Advisors LLC’s overall investment portfolio, making it the firm’s eighth-largest position.
At the close of the most recent quarter, Cypress Capital Advisors LLC’s stake in the Schwab US Dividend Equity ETF was valued at around $6,594,000. This adjustment in their portfolio is in line with recent trends, as other institutional investors have also been actively reshaping their positions in the ETF.
Other Institutional Movements
In addition to Cypress Capital Advisors, several other institutional investors have adjusted their holdings in the Schwab US Dividend Equity ETF. Notably, Kozak & Associates Inc. increased its stake by an impressive 476.1% during the same period, acquiring 938 additional shares and bringing its total to 1,135 shares. This investment is now valued at approximately $31,000.
Financial Management Professionals Inc. also made substantial changes, boosting its holdings by 241.9% and acquiring an additional 907 shares. This brought their total to 1,282 shares, valued around $34,000. Similarly, PrairieView Partners LLC increased its position by 57.3%, now owning 1,282 shares worth approximately $33,000 after acquiring 467 shares.
Vaughan Nelson Investment Management L.P. entered the fray by purchasing a new stake valued at about $39,000 in the second quarter, while Keystone Global Partners LLC made a similar move in the first quarter with a stake worth approximately $56,000.
Current Performance of Schwab US Dividend Equity ETF
As of the latest trading session, shares of the Schwab US Dividend Equity ETF opened at $27.68. The ETF has recorded a 50-day simple moving average of $27.09 and a 200-day simple moving average of $27.10. With a market capitalization of approximately $71.58 billion, the ETF has a price-to-earnings (P/E) ratio of 14.57 and a beta of 0.77, indicating lower volatility compared to the broader market.
Over the past year, the Schwab US Dividend Equity ETF has experienced a low of $23.87 and a high of $28.84. Launched on October 20, 2011, the ETF is designed to track the Dow Jones U.S. Dividend 100 Index, which is a market-cap-weighted index comprising 100 dividend-paying U.S. equities.
For those interested in the latest developments regarding the Schwab US Dividend Equity ETF and its institutional backing, resources such as HoldingsChannel.com provide updated information on 13F filings and insider trades.
