Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Reaches New 1-Year High – Here’s What Happened

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $23.79 and last traded at $23.5850, with a volume of 3635 shares traded. The stock had previously closed at $23.61.

Schwab U.S. Aggregate Bond ETF Stock Down 0.1%

The company’s 50 day moving average price is $23.42 and its 200 day moving average price is $23.43.

Schwab U.S. Aggregate Bond ETF Increases Dividend

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

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

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of Schwab U.S. Aggregate Bond ETF by 3.7% during the fourth quarter. JPMorgan Chase & Co. now owns 12,588,220 shares of the company’s stock valued at $294,187,000 after purchasing an additional 451,820 shares during the last quarter. Rockbridge Investment Management LCC increased its stake in Schwab U.S. Aggregate Bond ETF by 12.6% in the fourth quarter. Rockbridge Investment Management LCC now owns 8,957,935 shares of the company’s stock valued at $209,347,000 after purchasing an additional 999,097 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Schwab U.S. Aggregate Bond ETF by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,450,294 shares of the company’s stock valued at $173,387,000 after buying an additional 98,660 shares during the period. Avantax Planning Partners Inc. increased its position in shares of Schwab U.S. Aggregate Bond ETF by 3.7% in the 4th quarter. Avantax Planning Partners Inc. now owns 7,447,340 shares of the company’s stock valued at $174,044,000 after buying an additional 264,273 shares in the last quarter. Finally, Charles Schwab Trust Co increased its position in shares of Schwab U.S. Aggregate Bond ETF by 4.5% in the 4th quarter. Charles Schwab Trust Co now owns 6,215,188 shares of the company’s stock valued at $145,249,000 after buying an additional 268,364 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.