SCHD ETF Shows Mixed Performance Amid Market Weakness
The Schwab U.S. Dividend Equity ETF (SCHD) edged up 0.11% on Thursday but dipped 0.07% in pre-market trading as broader market sentiment turned cautious. Despite the short-term volatility, the fund has gained 2.72% over the past five days and maintains a 2.37% year-to-date return.
Investors pulled approximately $11 million from SCHD over the last five trading days, reflecting shifting allocations in the dividend-focused space. The ETF's Moderate Buy rating and $30.62 average price target suggest analysts see 12.49% upside potential from current levels.
Oxford Industries, FMC Corp., and Schlumberger lead SCHD's holdings with the highest projected upside, while American Financial Group and Ford Motor weigh on the portfolio as the weakest links. The fund's performance mirrors the ongoing rotation between value and growth strategies in equity markets.
