Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Reaches New 52-Week Low – Here’s Why

by · The Cerbat Gem

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ – Get Free Report) hit a new 52-week low on Wednesday. The stock traded as low as $22.36 and last traded at $22.3550, with a volume of 331940 shares changing hands. The stock had previously closed at $22.49.

Schwab U.S. Aggregate Bond ETF Stock Down 0.5%

The business’s 50 day simple moving average is $22.70 and its 200-day simple moving average is $22.98.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rockbridge Investment Management LCC lifted its stake in Schwab U.S. Aggregate Bond ETF by 8.2% in the first quarter. Rockbridge Investment Management LCC now owns 9,693,597 shares of the company’s stock valued at $225,085,000 after buying an additional 735,662 shares during the period. Avantax Planning Partners Inc. grew its position in shares of Schwab U.S. Aggregate Bond ETF by 3.5% during the 1st quarter. Avantax Planning Partners Inc. now owns 7,710,661 shares of the company’s stock worth $179,042,000 after buying an additional 263,321 shares during the period. Charles Schwab Trust Co increased its stake in shares of Schwab U.S. Aggregate Bond ETF by 2.9% in the 2nd quarter. Charles Schwab Trust Co now owns 6,601,917 shares of the company’s stock valued at $152,702,000 after acquiring an additional 186,945 shares during the last quarter. Valpey Financial Services LLC increased its stake in shares of Schwab U.S. Aggregate Bond ETF by 2,295.2% in the 4th quarter. Valpey Financial Services LLC now owns 3,749,009 shares of the company’s stock valued at $87,614,000 after acquiring an additional 3,592,488 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Schwab U.S. Aggregate Bond ETF by 5.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,483,103 shares of the company’s stock valued at $80,564,000 after acquiring an additional 188,635 shares during the period.

About Schwab U.S. Aggregate Bond ETF

(Get Free Report)

The Schwab U.S. Aggregate Bond ETF (SCHZ) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a broad index of U.S. investment grade fixed income securities, including corporate, government, and mortgage-backed securities. SCHZ was launched on Jul 14, 2011 and is managed by Charles Schwab.

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