Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Hits New 52-Week Low – Here’s Why

Shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) reached a new 52-week low on Friday . The company traded as low as $22.73 and last traded at $22.74, with a volume of 517075 shares changing hands. The stock had previously closed at $22.83.

Schwab U.S. Aggregate Bond ETF Trading Down 0.3%

The company has a 50-day moving average price of $23.01 and a two-hundred day moving average price of $23.21.

Hedge Funds Weigh In On Schwab U.S. Aggregate Bond ETF

Several hedge funds have recently bought and sold shares of SCHZ. Stonekeep Investments LLC lifted its stake in Schwab U.S. Aggregate Bond ETF by 0.4% in the 2nd quarter. Stonekeep Investments LLC now owns 224,356 shares of the company’s stock worth $5,189,000 after purchasing an additional 844 shares in the last quarter. Charles Schwab Trust Co grew its position in shares of Schwab U.S. Aggregate Bond ETF by 2.9% during 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 in the last quarter. Fulcrum Equity Management increased its holdings in shares of Schwab U.S. Aggregate Bond ETF by 12.1% in the second quarter. Fulcrum Equity Management now owns 20,455 shares of the company’s stock worth $473,000 after purchasing an additional 2,201 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Schwab U.S. Aggregate Bond ETF by 2.4% in the second quarter. Revolve Wealth Partners LLC now owns 756,987 shares of the company’s stock worth $17,509,000 after purchasing an additional 17,444 shares during the period. Finally, Friday Financial bought a new position in shares of Schwab U.S. Aggregate Bond ETF in the second quarter worth $264,000.

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.