Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Sets New 52-Week Low – Here’s Why

Shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZGet Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $22.37 and last traded at $22.42, with a volume of 1849023 shares. The stock had previously closed at $22.42.

Schwab U.S. Aggregate Bond ETF Stock Down 0.1%

The business has a 50 day simple moving average of $22.76 and a 200-day simple moving average of $23.03.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Cahill Financial Advisors Inc. lifted its stake in Schwab U.S. Aggregate Bond ETF by 7.0% in the second quarter. Cahill Financial Advisors Inc. now owns 168,200 shares of the company’s stock valued at $3,890,000 after buying an additional 10,943 shares in the last quarter. NorthRock Partners LLC boosted its holdings in shares of Schwab U.S. Aggregate Bond ETF by 33.9% in the second quarter. NorthRock Partners LLC now owns 1,618,956 shares of the company’s stock valued at $37,446,000 after buying an additional 409,926 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Schwab U.S. Aggregate Bond ETF by 24.1% during the second quarter. Integrated Wealth Concepts LLC now owns 395,992 shares of the company’s stock worth $9,159,000 after acquiring an additional 76,887 shares in the last quarter. IFP Advisors Inc increased its position in shares of Schwab U.S. Aggregate Bond ETF by 20.7% during the second quarter. IFP Advisors Inc now owns 429,530 shares of the company’s stock worth $9,935,000 after acquiring an additional 73,597 shares in the last quarter. Finally, XY Planning Network Inc. raised its holdings in shares of Schwab U.S. Aggregate Bond ETF by 3.3% during the second quarter. XY Planning Network Inc. now owns 212,609 shares of the company’s stock worth $4,918,000 after acquiring an additional 6,705 shares during the period.

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

Receive News & Ratings for Schwab U.S. Aggregate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab U.S. Aggregate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.