D.B. Root & Company LLC Buys New Position in Schwab U.S. Aggregate Bond ETF $SCHZ

D.B. Root & Company LLC purchased a new position in shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 218,153 shares of the company’s stock, valued at approximately $4,821,000. Schwab U.S. Aggregate Bond ETF makes up 1.0% of D.B. Root & Company LLC’s holdings, making the stock its 21st biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in SCHZ. Black Diamond Financial LLC bought a new position in Schwab U.S. Aggregate Bond ETF in the third quarter valued at approximately $41,494,000. Leeward Financial Partners LLC bought a new stake in shares of Schwab U.S. Aggregate Bond ETF during the 3rd quarter worth $7,681,000. Smithbridge Asset Management Inc. DE acquired a new stake in shares of Schwab U.S. Aggregate Bond ETF in the 3rd quarter valued at approximately $12,187,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Schwab U.S. Aggregate Bond ETF during the third quarter worth $19,997,000. Finally, Bangor Savings Bank acquired a new position in Schwab U.S. Aggregate Bond ETF in the 3rd quarter worth about $1,847,000.

Schwab U.S. Aggregate Bond ETF Trading Down 0.7%

NYSEARCA:SCHZ opened at $22.41 on Wednesday. Schwab U.S. Aggregate Bond ETF has a one year low of $21.92 and a one year high of $23.73. The firm’s 50 day simple moving average is $22.36 and its 200 day simple moving average is $22.94.

Schwab U.S. Aggregate Bond ETF Profile

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.