USAdvisors Wealth Management LLC Purchases New Position in Schwab U.S. Aggregate Bond ETF $SCHZ

USAdvisors Wealth Management LLC purchased a new stake in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) in the 3rd quarter, HoldingsChannel reports. The firm purchased 542,928 shares of the company’s stock, valued at approximately $11,999,000. Schwab U.S. Aggregate Bond ETF makes up approximately 3.5% of USAdvisors Wealth Management LLC’s holdings, making the stock its 4th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in SCHZ. Rockbridge Investment Management LCC raised its position in Schwab U.S. Aggregate Bond ETF by 8.2% during the first quarter. Rockbridge Investment Management LCC now owns 9,693,597 shares of the company’s stock valued at $225,085,000 after acquiring an additional 735,662 shares in the last quarter. Avantax Planning Partners Inc. lifted 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 acquiring an additional 263,321 shares during the last quarter. Charles Schwab Trust Co lifted its stake 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. Envestnet Asset Management Inc. lifted its stake in Schwab U.S. Aggregate Bond ETF by 5.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,483,103 shares of the company’s stock valued at $80,564,000 after acquiring an additional 188,635 shares during the last quarter. Finally, Oarsman Capital Inc. lifted its stake in 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 valued at $77,604,000 after acquiring an additional 3,221,648 shares during the last quarter.

Schwab U.S. Aggregate Bond ETF Price Performance

SCHZ stock opened at $22.27 on Thursday. Schwab U.S. Aggregate Bond ETF has a 12 month low of $21.92 and a 12 month high of $23.73. The firm has a 50 day moving average of $22.45 and a two-hundred day moving average of $22.84.

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.