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

Shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) hit a new 52-week high during trading on Friday . The company traded as high as $23.72 and last traded at $23.7050, with a volume of 186557 shares trading hands. The stock had previously closed at $23.67.

Schwab U.S. Aggregate Bond ETF Stock Up 0.2%

The stock’s 50 day simple moving average is $23.45 and its two-hundred day simple moving average is $23.44.

Schwab U.S. Aggregate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were issued a dividend of $0.085 per share. 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. This represents a c) annualized dividend and a yield of 4.3%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Godfrey Financial Associates Inc. acquired a new stake in Schwab U.S. Aggregate Bond ETF during the 4th quarter valued at $25,000. Newport Capital Group LLC acquired a new position in Schwab U.S. Aggregate Bond ETF in the 4th quarter valued at about $25,000. Rossby Financial LCC lifted its position 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 worth $25,000 after acquiring an additional 590 shares during the last quarter. Decker Retirement Planning Inc. bought a new stake in shares of Schwab U.S. Aggregate Bond ETF during the third quarter worth approximately $26,000. Finally, LGT Financial Advisors LLC grew its position in shares of Schwab U.S. Aggregate Bond ETF by 868.6% in the third quarter. LGT Financial Advisors LLC now owns 1,172 shares of the company’s stock valued at $28,000 after purchasing an additional 1,051 shares during 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.