Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Hits New 52-Week Low – What’s Next?

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZGet Free Report)’s stock price reached 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. The stock had previously closed at $22.49.

Schwab U.S. Aggregate Bond ETF Price Performance

The stock’s 50-day moving average price is $22.73 and its 200-day moving average price is $23.00.

Institutional Investors Weigh In On Schwab U.S. Aggregate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of SCHZ. Rockbridge Investment Management LCC boosted its position in shares of Schwab U.S. Aggregate Bond ETF by 8.2% during the 1st quarter. Rockbridge Investment Management LCC now owns 9,693,597 shares of the company’s stock worth $225,085,000 after acquiring an additional 735,662 shares in the last quarter. Avantax Planning Partners Inc. boosted its stake in Schwab U.S. Aggregate Bond ETF by 3.5% in the first quarter. Avantax Planning Partners Inc. now owns 7,710,661 shares of the company’s stock valued at $179,042,000 after buying an additional 263,321 shares in the last quarter. Charles Schwab Trust Co grew its position in Schwab U.S. Aggregate Bond ETF by 2.9% in the second 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 raised its stake in Schwab U.S. Aggregate Bond ETF by 2,295.2% during the fourth quarter. Valpey Financial Services LLC now owns 3,749,009 shares of the company’s stock worth $87,614,000 after acquiring an additional 3,592,488 shares in the last quarter. Finally, Oarsman Capital Inc. lifted its holdings in shares of Schwab U.S. Aggregate Bond ETF by 2,413.9% in the second quarter. Oarsman Capital Inc. now owns 3,355,112 shares of the company’s stock worth $77,604,000 after acquiring an additional 3,221,648 shares during the last quarter.

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.

Further Reading

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