Sowell Financial Services LLC Boosts Stake in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ)

Sowell Financial Services LLC raised its position in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 92.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 33,800 shares of the company’s stock after purchasing an additional 16,278 shares during the period. Sowell Financial Services LLC’s holdings in Schwab U.S. Aggregate Bond ETF were worth $767,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHZ. Charles Schwab Trust Co grew its stake in Schwab U.S. Aggregate Bond ETF by 103.4% in the 4th quarter. Charles Schwab Trust Co now owns 5,898,795 shares of the company’s stock worth $133,903,000 after acquiring an additional 2,998,174 shares in the last quarter. Total Wealth Planning LLC grew its stake in Schwab U.S. Aggregate Bond ETF by 113.8% in the 4th quarter. Total Wealth Planning LLC now owns 3,569,169 shares of the company’s stock worth $81,020,000 after acquiring an additional 1,900,153 shares in the last quarter. Destination Wealth Management grew its stake in Schwab U.S. Aggregate Bond ETF by 128.9% in the 4th quarter. Destination Wealth Management now owns 2,419,062 shares of the company’s stock worth $54,913,000 after acquiring an additional 1,362,015 shares in the last quarter. McAdam LLC grew its stake in Schwab U.S. Aggregate Bond ETF by 94.4% in the 4th quarter. McAdam LLC now owns 2,768,143 shares of the company’s stock worth $62,837,000 after acquiring an additional 1,344,215 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC grew its stake in Schwab U.S. Aggregate Bond ETF by 113.8% in the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 2,474,865 shares of the company’s stock worth $56,179,000 after acquiring an additional 1,317,559 shares in the last quarter.

Schwab U.S. Aggregate Bond ETF Stock Performance

Shares of SCHZ stock opened at $23.06 on Wednesday. The company’s 50-day simple moving average is $22.84 and its two-hundred day simple moving average is $23.13. Schwab U.S. Aggregate Bond ETF has a one year low of $22.26 and a one year high of $24.15.

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.