Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Hits New 12-Month Low – Should You Sell?

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $22.73 and last traded at $22.75, with a volume of 96952 shares changing hands. The stock had previously closed at $22.82.

Schwab U.S. Aggregate Bond ETF Price Performance

The company has a 50-day moving average price of $23.03 and a 200 day moving average price of $23.24.

Institutional Trading of Schwab U.S. Aggregate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC grew its position in shares of Schwab U.S. Aggregate Bond ETF by 2,068.1% during the fourth quarter. CWM LLC now owns 4,022,406 shares of the company’s stock valued at $94,004,000 after purchasing an additional 3,836,881 shares in the last quarter. Valpey Financial Services LLC lifted its position in shares of Schwab U.S. Aggregate Bond ETF by 2,295.2% in the fourth quarter. Valpey Financial Services LLC now owns 3,749,009 shares of the company’s stock worth $87,614,000 after buying an additional 3,592,488 shares in the last quarter. Rockbridge Investment Management LCC lifted its position 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 worth $209,347,000 after buying an additional 999,097 shares in the last quarter. Pacific Park Financial Inc. bought a new position in Schwab U.S. Aggregate Bond ETF during the fourth quarter valued at approximately $14,957,000. Finally, Amicus Financial Advisors LLC bought a new position in Schwab U.S. Aggregate Bond ETF during the fourth quarter valued at approximately $13,423,000.

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.