Smart Money Group LLC Has $3.42 Million Stake in Schwab U.S. Aggregate Bond ETF $SCHZ

Smart Money Group LLC lessened its holdings in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 36.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,788 shares of the company’s stock after selling 84,385 shares during the period. Schwab U.S. Aggregate Bond ETF comprises 1.0% of Smart Money Group LLC’s investment portfolio, making the stock its 10th biggest holding. Smart Money Group LLC’s holdings in Schwab U.S. Aggregate Bond ETF were worth $3,422,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SCHZ. Brighton Jones LLC bought a new position in shares of Schwab U.S. Aggregate Bond ETF in the fourth quarter valued at approximately $317,000. AQR Capital Management LLC raised its position in Schwab U.S. Aggregate Bond ETF by 15.9% in the 1st quarter. AQR Capital Management LLC now owns 14,212 shares of the company’s stock valued at $329,000 after buying an additional 1,948 shares during the last quarter. Focus Partners Wealth lifted its stake in Schwab U.S. Aggregate Bond ETF by 28.9% during the 1st quarter. Focus Partners Wealth now owns 28,189 shares of the company’s stock valued at $653,000 after acquiring an additional 6,326 shares in the last quarter. Assetmark Inc. boosted its holdings in Schwab U.S. Aggregate Bond ETF by 1,210.7% during the 2nd quarter. Assetmark Inc. now owns 3,670 shares of the company’s stock worth $85,000 after acquiring an additional 3,390 shares during the last quarter. Finally, IFG Advisory LLC boosted its holdings in Schwab U.S. Aggregate Bond ETF by 26.7% during the 2nd quarter. IFG Advisory LLC now owns 64,161 shares of the company’s stock worth $1,491,000 after acquiring an additional 13,523 shares during the last quarter.

Schwab U.S. Aggregate Bond ETF Trading Up 0.2%

NYSEARCA SCHZ opened at $23.71 on Monday. The company has a fifty day moving average price of $23.46 and a 200-day moving average price of $23.45. Schwab U.S. Aggregate Bond ETF has a 1 year low of $22.52 and a 1 year high of $23.73.

Schwab U.S. Aggregate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 6th. Shareholders of record on Monday, March 2nd will be given a $0.0772 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Monday, March 2nd.

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.