Destination Wealth Management Lowers Stock Position in Schwab U.S. Aggregate Bond ETF $SCHZ

Destination Wealth Management cut its holdings in shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 6.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,378,648 shares of the company’s stock after selling 87,327 shares during the period. Destination Wealth Management’s holdings in Schwab U.S. Aggregate Bond ETF were worth $32,357,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SCHZ. Elevation Point Wealth Partners LLC bought a new stake in Schwab U.S. Aggregate Bond ETF during the 3rd quarter valued at $18,191,000. Citadel Advisors LLC bought a new position in shares of Schwab U.S. Aggregate Bond ETF in the 3rd quarter worth $2,407,000. Ausdal Financial Partners Inc. lifted its stake in shares of Schwab U.S. Aggregate Bond ETF by 14.2% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 50,801 shares of the company’s stock worth $1,192,000 after purchasing an additional 6,324 shares during the last quarter. Bcwm LLC lifted its stake in shares of Schwab U.S. Aggregate Bond ETF by 14.2% during the 3rd quarter. Bcwm LLC now owns 83,464 shares of the company’s stock worth $1,959,000 after purchasing an additional 10,362 shares during the last quarter. Finally, Redwood Investment Management LLC boosted its position in Schwab U.S. Aggregate Bond ETF by 13.1% during the third quarter. Redwood Investment Management LLC now owns 152,213 shares of the company’s stock valued at $3,572,000 after purchasing an additional 17,653 shares in the last quarter.

Schwab U.S. Aggregate Bond ETF Price Performance

Shares of SCHZ stock opened at $23.21 on Monday. The stock’s 50-day moving average is $23.46 and its 200 day moving average is $23.47. Schwab U.S. Aggregate Bond ETF has a 1-year low of $22.52 and a 1-year high of $23.73.

Schwab U.S. Aggregate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a $0.0772 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, March 2nd.

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.