SCHD ETF Gains Slightly in Pre-Market as Investors Shift to Dividend Stocks Amid Tech Volatility
The Schwab U.S. Dividend Equity ETF (SCHD) edged up 0.04% in pre-market trading as market turbulence drove investors toward income-focused assets. Weak U.S. jobs data and sharp declines in major tech stocks—including AMD, Nvidia, and Microsoft—fueled the rotation into value and dividend plays.
Despite the early uptick, SCHD remains down 1.67% over the past five days and 0.05% year-to-date. The ETF, which tracks high-dividend U.S. equities from the Dow Jones Dividend 100 Index, saw $52 million in net outflows over the same period, reflecting cautious sentiment.
Analysts maintain a Moderate Buy rating on SCHD, with a consensus price target of $30.50 implying 15% upside. Top holdings with highest projected gains include Insperity, FMC Corp, and Ovintiv.
