Marshall Financial Group Inc. ADV Boosts Position in Schwab U.S. Aggregate Bond ETF $SCHZ

Marshall Financial Group Inc. ADV increased its position in shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 12.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 215,071 shares of the company’s stock after acquiring an additional 24,494 shares during the quarter. Schwab U.S. Aggregate Bond ETF makes up about 1.4% of Marshall Financial Group Inc. ADV’s portfolio, making the stock its 17th biggest holding. Marshall Financial Group Inc. ADV owned approximately 0.05% of Schwab U.S. Aggregate Bond ETF worth $5,048,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SCHZ. Alliance Wealth Management Group boosted its position in shares of Schwab U.S. Aggregate Bond ETF by 3.5% during the 3rd quarter. Alliance Wealth Management Group now owns 1,063,942 shares of the company’s stock worth $24,971,000 after purchasing an additional 36,009 shares during the period. Fortis Capital Advisors LLC purchased a new stake in Schwab U.S. Aggregate Bond ETF in the third quarter valued at approximately $1,053,000. Belpointe Asset Management LLC acquired a new position in Schwab U.S. Aggregate Bond ETF during the third quarter worth $1,053,000. Farther Finance Advisors LLC lifted its stake in Schwab U.S. Aggregate Bond ETF by 346.8% during the third 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 in the last quarter. Finally, Cedar Mountain Advisors LLC boosted its position in shares of Schwab U.S. Aggregate Bond ETF by 3.6% during the third quarter. Cedar Mountain Advisors LLC now owns 645,702 shares of the company’s stock worth $15,155,000 after buying an additional 22,623 shares during the period.

Schwab U.S. Aggregate Bond ETF Stock Down 0.6%

Shares of NYSEARCA SCHZ opened at $23.30 on Tuesday. Schwab U.S. Aggregate Bond ETF has a twelve month low of $22.52 and a twelve month high of $23.71. The stock has a fifty day simple moving average of $23.42 and a 200-day simple moving average of $23.40.

Schwab U.S. Aggregate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 6th. Shareholders of record on Monday, February 2nd will be given a $0.085 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.4%. This is an increase from Schwab U.S. Aggregate Bond ETF’s previous monthly dividend of $0.07.

Schwab U.S. Aggregate Bond ETF 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.