MLG Wealth Management DBA Pine Grove Financial Group Has $19.09 Million Stock Holdings in Schwab U.S. Aggregate Bond ETF $SCHZ

MLG Wealth Management DBA Pine Grove Financial Group raised its holdings in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 5.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 822,511 shares of the company’s stock after buying an additional 38,892 shares during the quarter. Schwab U.S. Aggregate Bond ETF accounts for about 1.9% of MLG Wealth Management DBA Pine Grove Financial Group’s investment portfolio, making the stock its 14th largest position. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in Schwab U.S. Aggregate Bond ETF were worth $19,086,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Schwab U.S. Aggregate Bond ETF during the fourth quarter worth $317,000. AQR Capital Management LLC raised its stake in Schwab U.S. Aggregate Bond ETF by 15.9% during the 1st quarter. AQR Capital Management LLC now owns 14,212 shares of the company’s stock valued at $329,000 after purchasing an additional 1,948 shares during the last quarter. Focus Partners Wealth boosted its holdings in Schwab U.S. Aggregate Bond ETF by 28.9% in the 1st quarter. Focus Partners Wealth now owns 28,189 shares of the company’s stock valued at $653,000 after purchasing an additional 6,326 shares during the period. Diversify Advisory Services LLC bought a new stake in Schwab U.S. Aggregate Bond ETF in the 2nd quarter valued at $3,099,000. Finally, Raymond James Financial Inc. grew its position in Schwab U.S. Aggregate Bond ETF by 35.9% in the 2nd quarter. Raymond James Financial Inc. now owns 865,452 shares of the company’s stock worth $20,113,000 after purchasing an additional 228,444 shares during the last quarter.

Schwab U.S. Aggregate Bond ETF Stock Performance

NYSEARCA:SCHZ opened at $22.67 on Tuesday. The firm’s 50-day moving average is $22.84 and its 200-day moving average is $23.08. Schwab U.S. Aggregate Bond ETF has a 52-week low of $22.60 and a 52-week high of $23.73.

Schwab U.S. Aggregate Bond ETF 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.