Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Hits New 12-Month Low – Here’s Why

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZGet Free Report)’s share price reached 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 traded. The stock had previously closed at $22.82.

Schwab U.S. Aggregate Bond ETF Price Performance

The stock’s 50 day moving average is $23.02 and its two-hundred day moving average is $23.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in Schwab U.S. Aggregate Bond ETF by 3.7% during the fourth quarter. JPMorgan Chase & Co. now owns 12,588,220 shares of the company’s stock worth $294,187,000 after purchasing an additional 451,820 shares during the period. Rockbridge Investment Management LCC lifted its position in shares of Schwab U.S. Aggregate Bond ETF by 8.2% in the 1st quarter. Rockbridge Investment Management LCC now owns 9,693,597 shares of the company’s stock worth $225,085,000 after purchasing an additional 735,662 shares during the period. Avantax Planning Partners Inc. boosted its position in shares of Schwab U.S. Aggregate Bond ETF by 3.5% during the 1st quarter. Avantax Planning Partners Inc. now owns 7,710,661 shares of the company’s stock valued at $179,042,000 after purchasing an additional 263,321 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Schwab U.S. Aggregate Bond ETF by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,450,294 shares of the company’s stock valued at $173,387,000 after acquiring an additional 98,660 shares during the period. Finally, Charles Schwab Trust Co grew its position in Schwab U.S. Aggregate Bond ETF by 2.9% in the 2nd quarter. Charles Schwab Trust Co now owns 6,601,917 shares of the company’s stock valued at $152,702,000 after purchasing an additional 186,945 shares during the period.

About Schwab U.S. Aggregate Bond ETF

(Get Free Report)

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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