670,384 Schwab U.S. Aggregate Bond ETF $SCHZ Shares Sold by Towercrest Capital Management

Towercrest Capital Management lessened its holdings in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 37.3% during the third quarter, HoldingsChannel.com reports. The fund owned 1,127,131 shares of the company’s stock after selling 670,384 shares during the quarter. Schwab U.S. Aggregate Bond ETF makes up about 3.7% of Towercrest Capital Management’s portfolio, making the stock its 8th biggest holding. Towercrest Capital Management’s holdings in Schwab U.S. Aggregate Bond ETF were worth $26,321,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHZ. PNC Financial Services Group Inc. purchased a new stake in Schwab U.S. Aggregate Bond ETF during the 1st quarter worth $37,000. Sachetta LLC raised its position in Schwab U.S. Aggregate Bond ETF by 447.6% in the first quarter. Sachetta LLC now owns 1,818 shares of the company’s stock valued at $42,000 after purchasing an additional 1,486 shares during the period. SouthState Bank Corp raised its position in Schwab U.S. Aggregate Bond ETF by 539.3% in the first quarter. SouthState Bank Corp now owns 2,212 shares of the company’s stock valued at $51,000 after purchasing an additional 1,866 shares during the period. Versant Capital Management Inc acquired a new position in shares of Schwab U.S. Aggregate Bond ETF during the third quarter worth about $49,000. Finally, Richards Merrill & Peterson Inc. acquired a new position in shares of Schwab U.S. Aggregate Bond ETF during the third quarter worth about $55,000.

Schwab U.S. Aggregate Bond ETF Price Performance

Shares of NYSEARCA SCHZ traded down $0.04 on Friday, hitting $22.42. The company had a trading volume of 1,613,924 shares, compared to its average volume of 2,284,856. Schwab U.S. Aggregate Bond ETF has a 12-month low of $21.92 and a 12-month high of $23.73. The business has a 50 day moving average of $22.43 and a two-hundred day moving average of $22.83.

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.