SCHD ETF Faces Mild Decline Amid Broad Market Weakness
The Schwab U.S. Dividend Equity ETF (SCHD) dipped 0.88% on Monday, extending losses with a 0.07% pre-market drop as market sentiment soured. Despite recent turbulence, the fund remains up 0.97% over five days and 2.56% year-to-date.
Investors pulled $79 million from SCHD over five trading days, reflecting cautious positioning. TipRanks' ETF AI Analyst maintains a Moderate Buy rating, with a $31.06 average price target suggesting 15.05% upside potential.
Oxford Industries and FMC Corp lead holdings with highest projected gains, while Amgen and Ford Motor weigh on performance. The fund's Smart Score of seven indicates neutral momentum relative to peers.