Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Sets New 52-Week Low – Should You Sell?

Shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) reached a new 52-week low on Wednesday . The company traded as low as $22.58 and last traded at $22.5850, with a volume of 441516 shares changing hands. The stock had previously closed at $22.64.

Schwab U.S. Aggregate Bond ETF Price Performance

The business has a 50-day moving average of $22.83 and a 200 day moving average of $23.08.

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

Several hedge funds have recently modified their holdings of SCHZ. JPMorgan Chase & Co. increased its position in shares of Schwab U.S. Aggregate Bond ETF by 3.7% during the fourth quarter. JPMorgan Chase & Co. now owns 12,588,220 shares of the company’s stock valued at $294,187,000 after acquiring an additional 451,820 shares during the last quarter. Rockbridge Investment Management LCC grew its stake in Schwab U.S. Aggregate Bond ETF by 8.2% in the 1st quarter. Rockbridge Investment Management LCC now owns 9,693,597 shares of the company’s stock valued at $225,085,000 after purchasing an additional 735,662 shares during the period. Avantax Planning Partners Inc. increased 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 valued at $179,042,000 after purchasing an additional 263,321 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Schwab U.S. Aggregate Bond ETF by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,450,294 shares of the company’s stock valued at $173,387,000 after purchasing an additional 98,660 shares during the last quarter. Finally, Charles Schwab Trust Co raised its stake in shares of Schwab U.S. Aggregate Bond ETF by 2.9% during the 2nd quarter. Charles Schwab Trust Co now owns 6,601,917 shares of the company’s stock worth $152,702,000 after purchasing an additional 186,945 shares during the period.

Schwab U.S. Aggregate Bond ETF Company 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.