Should Dividend Investors Be Concerned That 23.9% of the Schwab U.S. Dividend Equity ETF (SCHD) Is Now Invested in Energy Stocks?
With over $85 billion in net assets and a 3.3% yield, the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) is one of the most popular high-yield dividend exchange-traded funds (ETFs). It’s up 10.8% year to date, compared to a 5% decline in the S&P 500 (SNPINDEX: ^GSPC). The ETF’s exposure to the scorching hot energy…