Smart Portfolios LLC Boosts Stake in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ)

Smart Portfolios LLC increased its position in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 100.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,280 shares of the company’s stock after purchasing an additional 32,140 shares during the quarter. Schwab U.S. Aggregate Bond ETF makes up about 1.5% of Smart Portfolios LLC’s portfolio, making the stock its 16th biggest position. Smart Portfolios LLC’s holdings in Schwab U.S. Aggregate Bond ETF were worth $1,459,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHZ. Avantax Planning Partners Inc. boosted its holdings in Schwab U.S. Aggregate Bond ETF by 107.7% in the 4th quarter. Avantax Planning Partners Inc. now owns 6,511,229 shares of the company’s stock worth $147,805,000 after buying an additional 3,375,950 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Schwab U.S. Aggregate Bond ETF by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 6,330,057 shares of the company’s stock worth $300,804,000 after purchasing an additional 689,398 shares in the last quarter. Charles Schwab Trust Co grew its position in Schwab U.S. Aggregate Bond ETF by 103.4% during the fourth quarter. Charles Schwab Trust Co now owns 5,898,795 shares of the company’s stock worth $133,903,000 after buying an additional 2,998,174 shares during the period. Total Wealth Planning LLC lifted its stake in shares of Schwab U.S. Aggregate Bond ETF by 113.8% during the fourth quarter. Total Wealth Planning LLC now owns 3,569,169 shares of the company’s stock valued at $81,020,000 after buying an additional 1,900,153 shares during the period. Finally, HighTower Advisors LLC raised its stake in Schwab U.S. Aggregate Bond ETF by 112.5% during the fourth quarter. HighTower Advisors LLC now owns 3,091,537 shares of the company’s stock worth $70,178,000 after purchasing an additional 1,636,645 shares during the period.

Schwab U.S. Aggregate Bond ETF Price Performance

Shares of SCHZ stock opened at $23.06 on Wednesday. Schwab U.S. Aggregate Bond ETF has a 1-year low of $22.26 and a 1-year high of $24.15. The firm has a fifty day moving average of $22.84 and a two-hundred day moving average of $23.13.

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.