Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Sets New 52-Week Low – Should You Sell?

Shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $22.58 and last traded at $22.5850, with a volume of 441516 shares. The stock had previously closed at $22.64.

Schwab U.S. Aggregate Bond ETF Price Performance

The stock has a 50-day simple moving average of $22.83 and a 200-day simple moving average of $23.08.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Newport Capital Group LLC bought a new stake in shares of Schwab U.S. Aggregate Bond ETF during the fourth quarter valued at about $25,000. Godfrey Financial Associates Inc. purchased a new position in Schwab U.S. Aggregate Bond ETF during the fourth quarter valued at approximately $25,000. LGT Financial Advisors LLC increased its holdings 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 acquiring an additional 1,051 shares during the period. Gilpin Wealth Management LLC purchased a new stake in Schwab U.S. Aggregate Bond ETF in the 4th quarter worth approximately $28,000. Finally, PNC Financial Services Group Inc. purchased a new stake in Schwab U.S. Aggregate Bond ETF in the 1st quarter worth approximately $37,000.

Schwab U.S. Aggregate Bond ETF Company 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.