MAI Capital Management Grows Stock Holdings in Schwab U.S. Aggregate Bond ETF $SCHZ

MAI Capital Management boosted its stake in shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 373.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 284,088 shares of the company’s stock after purchasing an additional 224,115 shares during the period. MAI Capital Management owned about 0.07% of Schwab U.S. Aggregate Bond ETF worth $6,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHZ. Alliance Wealth Management Group increased its position in Schwab U.S. Aggregate Bond ETF by 3.5% during the third quarter. Alliance Wealth Management Group now owns 1,063,942 shares of the company’s stock valued at $24,971,000 after acquiring an additional 36,009 shares during the last quarter. Fortis Capital Advisors LLC bought a new stake in shares of Schwab U.S. Aggregate Bond ETF during the 3rd quarter valued at about $1,053,000. Belpointe Asset Management LLC bought a new stake in shares of Schwab U.S. Aggregate Bond ETF during the 3rd quarter valued at about $1,053,000. Farther Finance Advisors LLC increased its position in shares of Schwab U.S. Aggregate Bond ETF by 346.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 138,312 shares of the company’s stock valued at $3,246,000 after purchasing an additional 107,357 shares during the last quarter. Finally, Cedar Mountain Advisors LLC increased its position in shares of Schwab U.S. Aggregate Bond ETF by 3.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 645,702 shares of the company’s stock valued at $15,155,000 after purchasing an additional 22,623 shares during the last quarter.

Schwab U.S. Aggregate Bond ETF Price Performance

SCHZ opened at $23.67 on Friday. The company’s 50 day moving average is $23.45 and its 200 day moving average is $23.44. Schwab U.S. Aggregate Bond ETF has a 12-month low of $22.52 and a 12-month high of $23.71.

Schwab U.S. Aggregate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.085 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.3%. This is a boost from Schwab U.S. Aggregate Bond ETF’s previous monthly dividend of $0.07.

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.