Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Sets New 1-Year Low – Here’s Why

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) hit a new 52-week low during mid-day trading on Thursday . The stock 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’s 50-day simple moving average is $23.03 and its two-hundred day simple moving average is $23.24.

Hedge Funds Weigh In On Schwab U.S. Aggregate Bond ETF

A number of institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC purchased a new position in Schwab U.S. Aggregate Bond ETF during the fourth quarter valued at approximately $317,000. AQR Capital Management LLC raised its position in shares of Schwab U.S. Aggregate Bond ETF by 15.9% during the 1st quarter. AQR Capital Management LLC now owns 14,212 shares of the company’s stock valued at $329,000 after purchasing an additional 1,948 shares during the period. Focus Partners Wealth raised its position in shares of Schwab U.S. Aggregate Bond ETF by 28.9% during the 1st quarter. Focus Partners Wealth now owns 28,189 shares of the company’s stock valued at $653,000 after purchasing an additional 6,326 shares during the period. Diversify Advisory Services LLC purchased a new position in shares of Schwab U.S. Aggregate Bond ETF during the 2nd quarter valued at $3,099,000. Finally, Raymond James Financial Inc. lifted its stake in shares of Schwab U.S. Aggregate Bond ETF by 35.9% during the 2nd quarter. Raymond James Financial Inc. now owns 865,452 shares of the company’s stock valued at $20,113,000 after buying an additional 228,444 shares in 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.