Schwab U.S. Aggregate Bond ETF $SCHZ Shares Sold by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. lowered its position in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 20.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 328,668 shares of the company’s stock after selling 85,755 shares during the quarter. Schwab U.S. Aggregate Bond ETF accounts for approximately 0.6% of Summit Financial Strategies Inc.’s holdings, making the stock its 23rd biggest holding. Summit Financial Strategies Inc. owned 0.08% of Schwab U.S. Aggregate Bond ETF worth $7,632,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHZ. CWM LLC grew its stake in Schwab U.S. Aggregate Bond ETF by 2,068.1% in the 4th quarter. CWM LLC now owns 4,022,406 shares of the company’s stock valued at $94,004,000 after acquiring an additional 3,836,881 shares during the last quarter. Valpey Financial Services LLC raised its position in Schwab U.S. Aggregate Bond ETF by 2,295.2% during the fourth quarter. Valpey Financial Services LLC now owns 3,749,009 shares of the company’s stock worth $87,614,000 after acquiring an additional 3,592,488 shares during the last quarter. Rockbridge Investment Management LCC lifted its holdings in shares of Schwab U.S. Aggregate Bond ETF by 12.6% in the fourth quarter. Rockbridge Investment Management LCC now owns 8,957,935 shares of the company’s stock valued at $209,347,000 after purchasing an additional 999,097 shares in the last quarter. NorthRock Partners LLC lifted its holdings in shares of Schwab U.S. Aggregate Bond ETF by 209,215.9% in the third quarter. NorthRock Partners LLC now owns 935,642 shares of the company’s stock valued at $21,960,000 after purchasing an additional 935,195 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Schwab U.S. Aggregate Bond ETF in the third quarter valued at approximately $18,191,000.

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

Shares of SCHZ traded down $0.02 during mid-day trading on Friday, reaching $22.93. 1,848,028 shares of the company’s stock were exchanged, compared to its average volume of 2,245,445. The company has a 50-day simple moving average of $23.07 and a two-hundred day simple moving average of $23.27. Schwab U.S. Aggregate Bond ETF has a 52-week low of $22.77 and a 52-week 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.