Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Reaches New 12-Month Low – Here’s What Happened

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $22.77 and last traded at $22.90, with a volume of 180965 shares changing hands. The stock had previously closed at $22.93.

Schwab U.S. Aggregate Bond ETF Stock Performance

The stock has a 50-day moving average of $23.07 and a 200 day moving average of $23.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Newport Capital Group LLC acquired a new position in Schwab U.S. Aggregate Bond ETF in the fourth quarter valued at approximately $25,000. Godfrey Financial Associates Inc. acquired a new stake in Schwab U.S. Aggregate Bond ETF during the fourth quarter worth $25,000. LGT Financial Advisors LLC increased its stake in Schwab U.S. Aggregate Bond ETF by 868.6% during the third quarter. LGT Financial Advisors LLC now owns 1,172 shares of the company’s stock worth $28,000 after acquiring an additional 1,051 shares during the last quarter. Gilpin Wealth Management LLC purchased a new stake in Schwab U.S. Aggregate Bond ETF in the fourth quarter valued at $28,000. Finally, PNC Financial Services Group Inc. purchased a new stake in Schwab U.S. Aggregate Bond ETF in the first quarter valued at $37,000.

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.