Envestnet Asset Management Inc. Lowers Holdings in Schwab U.S. Aggregate Bond ETF $SCHZ

Envestnet Asset Management Inc. decreased its holdings in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 16.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,324,125 shares of the company’s stock after selling 678,193 shares during the period. Envestnet Asset Management Inc. owned 0.85% of Schwab U.S. Aggregate Bond ETF worth $78,017,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SCHZ. Decker Retirement Planning Inc. purchased a new position in Schwab U.S. Aggregate Bond ETF in the 3rd quarter worth approximately $26,000. Cloud Capital Management LLC purchased a new stake in Schwab U.S. Aggregate Bond ETF during the 3rd quarter valued at approximately $30,000. Bernard Wealth Management Corp. bought a new stake in shares of Schwab U.S. Aggregate Bond ETF during the third quarter valued at approximately $31,000. Evolution Wealth Management Inc. bought a new stake in shares of Schwab U.S. Aggregate Bond ETF during the second quarter valued at approximately $73,000. Finally, Traub Capital Management LLC purchased a new position in shares of Schwab U.S. Aggregate Bond ETF in the second quarter worth $76,000.

Schwab U.S. Aggregate Bond ETF Stock Performance

Shares of NYSEARCA:SCHZ opened at $23.41 on Monday. The firm has a fifty day moving average price of $23.40 and a 200 day moving average price of $23.41. Schwab U.S. Aggregate Bond ETF has a fifty-two week low of $22.52 and a fifty-two week high of $23.71.

Schwab U.S. Aggregate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were given a dividend of $0.085 per share. The ex-dividend date was Monday, February 2nd. This is a positive change from Schwab U.S. Aggregate Bond ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

Schwab U.S. Aggregate Bond ETF Company 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.