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

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $23.79 and last traded at $23.5850, with a volume of 3635 shares trading hands. The stock had previously closed at $23.61.

Schwab U.S. Aggregate Bond ETF Price Performance

The business’s 50-day simple moving average is $23.43 and its 200-day simple moving average is $23.43.

Schwab U.S. Aggregate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were issued a dividend of $0.085 per share. This is a positive change from Schwab U.S. Aggregate Bond ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Monday, February 2nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SCHZ. CWM LLC increased its position in Schwab U.S. Aggregate Bond ETF by 2,068.1% during the fourth quarter. CWM LLC now owns 4,022,406 shares of the company’s stock worth $94,004,000 after buying an additional 3,836,881 shares during the last quarter. Valpey Financial Services LLC boosted its stake in shares of Schwab U.S. Aggregate Bond ETF by 2,295.2% during the 4th quarter. Valpey Financial Services LLC now owns 3,749,009 shares of the company’s stock worth $87,614,000 after acquiring an additional 3,592,488 shares in the last quarter. Modern Wealth Management LLC bought a new stake in shares of Schwab U.S. Aggregate Bond ETF during the 3rd quarter worth about $27,064,000. Rockbridge Investment Management LCC increased its holdings in shares of Schwab U.S. Aggregate Bond ETF by 12.6% during the 4th quarter. Rockbridge Investment Management LCC now owns 8,957,935 shares of the company’s stock valued at $209,347,000 after acquiring an additional 999,097 shares during the last quarter. Finally, NorthRock Partners LLC raised its stake in shares of Schwab U.S. Aggregate Bond ETF by 209,215.9% in the 3rd quarter. NorthRock Partners LLC now owns 935,642 shares of the company’s stock valued at $21,960,000 after acquiring an additional 935,195 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.