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

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ)’s share price reached a new 52-week low on Wednesday. The stock traded as low as $21.92 and last traded at $21.9850, with a volume of 202168 shares. The stock had previously closed at $22.05.

Schwab U.S. Aggregate Bond ETF Stock Down 0.2%

The company’s 50 day moving average is $22.58 and its 200-day moving average is $22.91.

Institutional Trading of Schwab U.S. Aggregate Bond ETF

A number of hedge funds have recently made changes to their positions in the business. Newport Capital Group LLC bought a new stake in Schwab U.S. Aggregate Bond ETF in the 4th quarter valued at $25,000. PNC Financial Services Group Inc. acquired a new stake in Schwab U.S. Aggregate Bond ETF during the 1st quarter valued at $37,000. Sachetta LLC boosted its position in Schwab U.S. Aggregate Bond ETF by 447.6% during the first quarter. Sachetta LLC now owns 1,818 shares of the company’s stock worth $42,000 after purchasing an additional 1,486 shares during the period. MCF Advisors LLC acquired a new position in shares of Schwab U.S. Aggregate Bond ETF in the fourth quarter valued at $51,000. Finally, SouthState Bank Corp increased its holdings in shares of Schwab U.S. Aggregate Bond ETF by 539.3% in the first quarter. SouthState Bank Corp now owns 2,212 shares of the company’s stock valued at $51,000 after purchasing an additional 1,866 shares during the last quarter.

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.