JPMorgan Chase & Co. Reduces Stock Position in Schwab U.S. Aggregate Bond ETF $SCHZ

JPMorgan Chase & Co. cut its stake in shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,136,400 shares of the company’s stock after selling 288,817 shares during the period. JPMorgan Chase & Co. owned about 3.10% of Schwab U.S. Aggregate Bond ETF worth $284,841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alliance Wealth Management Group lifted its position in shares of Schwab U.S. Aggregate Bond ETF by 3.5% in 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 in the last quarter. Fortis Capital Advisors LLC bought a new stake in Schwab U.S. Aggregate Bond ETF during the 3rd quarter valued at approximately $1,053,000. Belpointe Asset Management LLC purchased a new position in Schwab U.S. Aggregate Bond ETF in the 3rd quarter worth approximately $1,053,000. Farther Finance Advisors LLC boosted its stake in Schwab U.S. Aggregate Bond ETF by 346.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 138,312 shares of the company’s stock worth $3,246,000 after purchasing an additional 107,357 shares during the period. Finally, Cedar Mountain Advisors LLC grew its holdings in 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 buying an additional 22,623 shares in the last quarter.

Schwab U.S. Aggregate Bond ETF Trading Up 0.0%

Schwab U.S. Aggregate Bond ETF stock opened at $23.60 on Friday. Schwab U.S. Aggregate Bond ETF has a 1 year low of $22.52 and a 1 year high of $23.71. The firm’s 50 day moving average price is $23.43 and its 200-day moving average price is $23.43.

Schwab U.S. Aggregate Bond ETF Increases Dividend

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

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.