SCHD ETF Gains Amid Defensive Sector Shift Ahead of Fed Decision
The Schwab U.S. Dividend Equity ETF (SCHD) edged 0.33% higher to $27.12 as investors favored high-dividend stocks ahead of the Federal Reserve's policy meeting. Defensive sectors like Consumer Staples and Energy—key components of SCHD—gained appeal amid rate uncertainty.
Despite net outflows of $73 million over five days, SCHD remains a Moderate Buy with a 12.28% upside to its $30.45 price target. Pre-market activity suggests continued momentum, up 0.04%.