Schwab's Dividend ETF Just Closed at a Record Without Owning a Single "Magnificent Seven" Stock
The Schwab U.S. Dividend Equity ETF (NYSEMKT:SCHD) finished Thursday, Oct. 22, at $35.40, the highest close in the popular dividend fund's history. This beat its old record of $35.21 from Aug. 24, and it leaves the fund up around 29% from where it ended 2025. That same day, the Invesco QQQ Trust (NASDAQ:QQQ) lost about 3%. And as of this writing, the Nasdaq-100 fund has slid around 7% since Oct. 6, but the dividend fund has risen about 8%. It did that without the stocks that have led the market for much of the last few years. As of Oct. 13, not one of its 102 holdings belonged to the so-called "Magnificent Seven" -- Apple , Microsoft , Nvidia , Alphabet , Amazon , Meta Platforms and Tesla . Continue reading