Modern Wealth Management LLC raised its position in shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ – Free Report) by 3.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,219,890 shares of the company’s stock after buying an additional 40,655 shares during the period. Modern Wealth Management LLC’s holdings in Schwab U.S. Aggregate Bond ETF were worth $28,253,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in SCHZ. Godfrey Financial Associates Inc. purchased a new stake in shares of Schwab U.S. Aggregate Bond ETF in the 4th quarter valued at approximately $25,000. Newport Capital Group LLC purchased a new position in Schwab U.S. Aggregate Bond ETF during the 4th quarter worth approximately $25,000. LGT Financial Advisors LLC grew its position in Schwab U.S. Aggregate Bond ETF by 868.6% during the 3rd quarter. LGT Financial Advisors LLC now owns 1,172 shares of the company’s stock worth $28,000 after purchasing an additional 1,051 shares in the last quarter. Gilpin Wealth Management LLC acquired a new stake in Schwab U.S. Aggregate Bond ETF during the 4th quarter valued at $28,000. Finally, PNC Financial Services Group Inc. acquired a new stake in Schwab U.S. Aggregate Bond ETF during the 1st quarter valued at $37,000.
Schwab U.S. Aggregate Bond ETF Stock Performance
SCHZ opened at $22.76 on Friday. The stock has a fifty day moving average of $23.02 and a 200-day moving average of $23.23. Schwab U.S. Aggregate Bond ETF has a 12-month low of $22.73 and a 12-month 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.
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