MML Investors Services LLC Increases Stake in Schwab US Dividend Equity ETF

MML Investors Services LLC has expanded its investment in the Schwab US Dividend Equity ETF (NYSEARCA:SCHD), boosting its holdings by 17.8% during the second quarter. The latest Form 13F filing with the Securities & Exchange Commission revealed that MML Investors Services LLC now possesses 1,383,327 shares following the purchase of an additional 208,745 shares. The firm's stake in the ETF is valued at approximately $100.5 million based on the recent SEC submission.

Movements by Other Major Investors

Other significant investors have also made notable adjustments to their investments in SCHD. Graham Capital Wealth Management LLC established a new position during the first quarter, valued at around $254.6 million. O Shaughnessy Asset Management LLC saw a substantial increase in its holdings by 115.2%, ending up with 353 shares worth $26,000 after the latest acquisition. NewSquare Capital LLC similarly raised its stake by a staggering 4,672.7% in the second quarter, holding 525 shares valued at $38,000.

BlackRock Inc. made a notable move as well, increasing its share count by 464.5% during the same period, now holding 525 shares also valued at $38,000. On another front, Founders Capital Management took a fresh position in SCHD in the second quarter, investing $44,000.

SCHD Market Performance

The ETF experienced a slight downturn of 0.3% on a trading day, with SCHD shares dropping $0.24, closing at $73.20. Despite this, trading remained active with over 1.2 million shares exchanged, though this number trails behind the average volume of about 3.2 million shares. SCHD exhibits a market capitalization of $48.18 billion, a price-to-earnings ratio of 14.38, and a beta of 0.88. Additionally, its 50-day and 200-day moving averages are $70.27 and $72.03, respectively, reflecting stability in its price trend over time.

Understanding Schwab US Dividend Equity ETF

The Schwab U.S. Dividend Equity ETF is an investment fund that tracks the Dow Jones U.S. Dividend 100 Index, which comprises 100 high-dividend yielding U.S. stocks. Launched on October 20, 2011, SCHD is managed by Schwab and has been providing investors access to US equities with a solid history of paying dividends.

MMLInvestors, SCHD, Securities