Integrated Wealth Concepts LLC has reduced its position in Schwab US Dividend Equity ETF by 6.1% during the first quarter of this year. After selling nearly 49,000 shares, the firm’s portfolio still retains over 747,000 shares in this prominent dividend-focused fund.

For dividend-focused investors, the Schwab US Dividend Equity ETF offers a streamlined alternative to picking individual stocks. By delegating research and selection to a managed fund, investors can potentially save time and effort while still focusing on dividend income.

The Schwab U.S. Dividend Equity ETF has significantly increased its holdings in the energy sector, adding top stocks like ConocoPhillips, Chevron, and EOG Resources to its portfolio. This strategic move underscores the ETF’s focus on bolstering returns through energy investments.