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SCHD ETF Shows Modest Pre-Market Gain Amid Defensive Sector Appeal
SCHD ETF Shows Modest Pre-Market Gain Amid Defensive Sector Appeal
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BTCCSquare news:
The Schwab U.S. Dividend Equity ETF (SCHD) edged up 0.08% in pre-market trading as investors gravitated toward defensive sectors like Consumer Staples, Financials, and Energy. These segments FORM the backbone of SCHD's holdings, offering stability amid rising rate uncertainty.
Despite the slight uptick, SCHD remains under pressure—down 2.58% over five days and 0.45% year-to-date. Fund flows tell a similar story, with $17 million net outflows in the past week reflecting cautious sentiment.
Analysts maintain a Moderate Buy rating, projecting a 15.41% upside to a $30.52 average price target. Coterra Energy and FMC Corp. lead holdings with the highest potential, while Ford and Western Union lag.
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