Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Reaches New 12-Month Low – What’s Next?

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $22.63 and last traded at $22.65, with a volume of 129823 shares changing hands. The stock had previously closed at $22.77.

Schwab U.S. Aggregate Bond ETF Price Performance

The business’s 50-day moving average price is $22.87 and its 200-day moving average price is $23.10.

Hedge Funds Weigh In On Schwab U.S. Aggregate Bond ETF

Several hedge funds have recently modified their holdings of SCHZ. Newport Capital Group LLC acquired a new stake in Schwab U.S. Aggregate Bond ETF in the 4th quarter worth approximately $25,000. Godfrey Financial Associates Inc. acquired a new position in Schwab U.S. Aggregate Bond ETF during the 4th quarter valued at approximately $25,000. LGT Financial Advisors LLC increased its stake in Schwab U.S. Aggregate Bond ETF by 868.6% during the 3rd quarter. LGT Financial Advisors LLC now owns 1,172 shares of the company’s stock valued at $28,000 after purchasing an additional 1,051 shares in the last quarter. Gilpin Wealth Management LLC purchased a new position in shares of Schwab U.S. Aggregate Bond ETF in the fourth quarter worth $28,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Schwab U.S. Aggregate Bond ETF in the first quarter worth $37,000.

About Schwab U.S. Aggregate Bond ETF

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.