Summit Financial Strategies Inc. trimmed its stake in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ – Free Report) by 20.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 328,668 shares of the company’s stock after selling 85,755 shares during the quarter. Schwab U.S. Aggregate Bond ETF comprises 0.6% of Summit Financial Strategies Inc.’s portfolio, making the stock its 23rd largest position. Summit Financial Strategies Inc.’s holdings in Schwab U.S. Aggregate Bond ETF were worth $7,632,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Newport Capital Group LLC purchased a new position in Schwab U.S. Aggregate Bond ETF during the fourth quarter worth approximately $25,000. Godfrey Financial Associates Inc. purchased a new stake in shares of Schwab U.S. Aggregate Bond ETF during the 4th quarter valued at $25,000. LGT Financial Advisors LLC increased its holdings in shares of Schwab U.S. Aggregate Bond ETF by 868.6% during the 3rd quarter. LGT Financial Advisors LLC now owns 1,172 shares of the company’s stock worth $28,000 after buying an additional 1,051 shares during the last quarter. Gilpin Wealth Management LLC purchased a new position in shares of Schwab U.S. Aggregate Bond ETF in the 4th quarter worth $28,000. Finally, Sachetta LLC raised its position in shares of Schwab U.S. Aggregate Bond ETF by 447.6% in the 1st quarter. Sachetta LLC now owns 1,818 shares of the company’s stock worth $42,000 after buying an additional 1,486 shares during the period.
Schwab U.S. Aggregate Bond ETF Price Performance
Schwab U.S. Aggregate Bond ETF stock traded down $0.02 during midday trading on Friday, reaching $22.93. The stock had a trading volume of 1,848,028 shares, compared to its average volume of 2,245,445. The stock’s 50-day simple moving average is $23.07 and its 200 day simple moving average is $23.27. Schwab U.S. Aggregate Bond ETF has a twelve month low of $22.77 and a twelve month high of $23.73.
About Schwab U.S. Aggregate Bond ETF
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.
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