Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Hits New 1-Year High – Time to Buy?

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZGet Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $23.71 and last traded at $23.69, with a volume of 1596501 shares traded. The stock had previously closed at $23.66.

Schwab U.S. Aggregate Bond ETF Trading Up 0.1%

The company has a fifty day moving average price of $23.41 and a 200 day moving average price of $23.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SCHZ. Jane Street Group LLC boosted its stake in Schwab U.S. Aggregate Bond ETF by 1,165.6% in the first quarter. Jane Street Group LLC now owns 2,274,341 shares of the company’s stock worth $52,674,000 after buying an additional 2,094,632 shares in the last quarter. Ascent Group LLC boosted its stake in Schwab U.S. Aggregate Bond ETF by 260.0% in the first quarter. Ascent Group LLC now owns 1,291,417 shares of the company’s stock worth $29,909,000 after buying an additional 932,671 shares in the last quarter. Daymark Wealth Partners LLC lifted its position in Schwab U.S. Aggregate Bond ETF by 343.5% in the second quarter. Daymark Wealth Partners LLC now owns 1,175,683 shares of the company’s stock valued at $27,323,000 after purchasing an additional 910,577 shares during the last quarter. Vident Advisory LLC lifted its position in Schwab U.S. Aggregate Bond ETF by 145.3% in the first quarter. Vident Advisory LLC now owns 1,109,646 shares of the company’s stock valued at $25,699,000 after purchasing an additional 657,360 shares during the last quarter. Finally, Cardinal Point Capital Management ULC lifted its position in Schwab U.S. Aggregate Bond ETF by 6,517.7% in the second quarter. Cardinal Point Capital Management ULC now owns 635,697 shares of the company’s stock valued at $14,774,000 after purchasing an additional 626,091 shares during the last quarter.

Schwab U.S. Aggregate Bond ETF Company Profile

(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

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