Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Sets New 52-Week Low – Here’s What Happened

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) reached a new 52-week low on Tuesday. The stock traded as low as $22.08 and last traded at $22.13, with a volume of 3128791 shares. The stock had previously closed at $22.25.

Schwab U.S. Aggregate Bond ETF Stock Performance

The firm has a 50 day moving average of $22.64 and a two-hundred day moving average of $22.95.

Institutional Investors Weigh In On Schwab U.S. Aggregate Bond ETF

Several hedge funds have recently modified their holdings of SCHZ. Envestnet Portfolio Solutions Inc. grew its stake in shares of Schwab U.S. Aggregate Bond ETF by 31.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 159,044 shares of the company’s stock worth $3,679,000 after acquiring an additional 37,900 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Schwab U.S. Aggregate Bond ETF by 5.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,483,103 shares of the company’s stock valued at $80,564,000 after purchasing an additional 188,635 shares during the period. Cahill Financial Advisors Inc. boosted its holdings in Schwab U.S. Aggregate Bond ETF by 7.0% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 168,200 shares of the company’s stock valued at $3,890,000 after purchasing an additional 10,943 shares during the period. NorthRock Partners LLC grew its position in Schwab U.S. Aggregate Bond ETF by 33.9% in the 2nd quarter. NorthRock Partners LLC now owns 1,618,956 shares of the company’s stock worth $37,446,000 after purchasing an additional 409,926 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in Schwab U.S. Aggregate Bond ETF by 24.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 395,992 shares of the company’s stock worth $9,159,000 after purchasing an additional 76,887 shares during the last quarter.

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.