Summit Financial Strategies Inc. lowered its stake in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ – Free Report) by 15.0% during the second quarter, HoldingsChannel reports. The firm owned 279,261 shares of the company’s stock after selling 49,407 shares during the period. Schwab U.S. Aggregate Bond ETF accounts for approximately 0.5% of Summit Financial Strategies Inc.’s holdings, making the stock its 22nd biggest position. Summit Financial Strategies Inc.’s holdings in Schwab U.S. Aggregate Bond ETF were worth $6,459,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently bought and sold shares of SCHZ. Godfrey Financial Associates Inc. acquired a new position in shares of Schwab U.S. Aggregate Bond ETF in the fourth quarter worth about $25,000. Newport Capital Group LLC acquired a new stake in Schwab U.S. Aggregate Bond ETF during the 4th quarter valued at $25,000. LGT Financial Advisors LLC lifted its holdings in shares of Schwab U.S. Aggregate Bond ETF by 868.6% in the third 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 during the fourth quarter valued at $28,000. Finally, PNC Financial Services Group Inc. acquired a new position in Schwab U.S. Aggregate Bond ETF during the first quarter valued at $37,000.
Schwab U.S. Aggregate Bond ETF Stock Performance
Shares of NYSEARCA SCHZ opened at $22.64 on Wednesday. Schwab U.S. Aggregate Bond ETF has a one year low of $22.60 and a one year high of $23.73. The business has a 50-day moving average price of $22.83 and a two-hundred day moving average price of $23.08.
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.
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