Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Hits New 1-Year Low – What’s Next?

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ)’s share price reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $21.92 and last traded at $21.9850, with a volume of 202168 shares. The stock had previously closed at $22.05.

Schwab U.S. Aggregate Bond ETF Stock Down 0.2%

The firm has a 50 day moving average price of $22.58 and a 200-day moving average price of $22.91.

Institutional Investors Weigh In On Schwab U.S. Aggregate Bond ETF

A number of large investors have recently modified their holdings of the company. HORAN Wealth LLC boosted its holdings in shares of Schwab U.S. Aggregate Bond ETF by 4.0% in the 2nd quarter. HORAN Wealth LLC now owns 11,523 shares of the company’s stock valued at $267,000 after buying an additional 447 shares during the last quarter. M1 Capital Management LLC increased its holdings in Schwab U.S. Aggregate Bond ETF by 0.4% during the fourth quarter. M1 Capital Management LLC now owns 102,858 shares of the company’s stock worth $2,404,000 after buying an additional 459 shares during the last quarter. Parallel Advisors LLC increased its holdings in Schwab U.S. Aggregate Bond ETF by 2.4% during the fourth quarter. Parallel Advisors LLC now owns 20,470 shares of the company’s stock worth $478,000 after buying an additional 479 shares during the last quarter. World Investment Advisors raised its position in Schwab U.S. Aggregate Bond ETF by 4.8% during the fourth quarter. World Investment Advisors now owns 12,158 shares of the company’s stock worth $284,000 after acquiring an additional 562 shares in the last quarter. Finally, NBT Bank N A NY raised its position in Schwab U.S. Aggregate Bond ETF by 0.7% during the first quarter. NBT Bank N A NY now owns 76,663 shares of the company’s stock worth $1,780,000 after acquiring an additional 566 shares in the last quarter.

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.