MAI Capital Management Buys 224,115 Shares of Schwab U.S. Aggregate Bond ETF $SCHZ

MAI Capital Management grew its stake in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 373.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 284,088 shares of the company’s stock after buying an additional 224,115 shares during the period. MAI Capital Management’s holdings in Schwab U.S. Aggregate Bond ETF were worth $6,668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Alley Investment Management Company LLC lifted its position in shares of Schwab U.S. Aggregate Bond ETF by 3.3% during the 3rd quarter. Alley Investment Management Company LLC now owns 15,402 shares of the company’s stock valued at $361,000 after buying an additional 485 shares in the last quarter. Stockman Wealth Management Inc. raised its stake in Schwab U.S. Aggregate Bond ETF by 0.9% during the 3rd quarter. Stockman Wealth Management Inc. now owns 61,025 shares of the company’s stock worth $1,432,000 after acquiring an additional 530 shares during the period. Rossby Financial LCC lifted its holdings in Schwab U.S. Aggregate Bond ETF by 121.1% during the third quarter. Rossby Financial LCC now owns 1,077 shares of the company’s stock valued at $25,000 after purchasing an additional 590 shares in the last quarter. OMNI 360 Wealth Inc. lifted its holdings in Schwab U.S. Aggregate Bond ETF by 2.1% during the third quarter. OMNI 360 Wealth Inc. now owns 34,655 shares of the company’s stock valued at $813,000 after purchasing an additional 708 shares in the last quarter. Finally, Hardin Capital Partners LLC boosted its position in shares of Schwab U.S. Aggregate Bond ETF by 3.8% in the third quarter. Hardin Capital Partners LLC now owns 19,840 shares of the company’s stock worth $466,000 after purchasing an additional 724 shares during the period.

Schwab U.S. Aggregate Bond ETF Price Performance

Shares of NYSEARCA SCHZ opened at $23.67 on Friday. Schwab U.S. Aggregate Bond ETF has a 1 year low of $22.52 and a 1 year high of $23.71. The firm has a fifty day moving average price of $23.45 and a 200-day moving average price of $23.44.

Schwab U.S. Aggregate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were paid a $0.085 dividend. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, February 2nd. This is a boost from Schwab U.S. Aggregate Bond ETF’s previous monthly dividend of $0.07.

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.