Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Hits New 1-Year High – Should You Buy?

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

Schwab U.S. Aggregate Bond ETF Stock Performance

The firm’s 50 day moving average is $23.46 and its 200-day moving average is $23.45.

Schwab U.S. Aggregate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Investors 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 yield of 4.3%.

Institutional Trading of Schwab U.S. Aggregate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Forthright Family Wealth Advisory LLC grew its holdings in shares of Schwab U.S. Aggregate Bond ETF by 2.0% in the fourth quarter. Forthright Family Wealth Advisory LLC now owns 319,426 shares of the company’s stock valued at $7,465,000 after purchasing an additional 6,220 shares during the period. Talisman Wealth Advisors LLC boosted its holdings in Schwab U.S. Aggregate Bond ETF by 8.5% in the 4th quarter. Talisman Wealth Advisors LLC now owns 11,919 shares of the company’s stock valued at $279,000 after purchasing an additional 935 shares during the last quarter. WealthPoint Financial LLC purchased a new stake in shares of Schwab U.S. Aggregate Bond ETF in the 4th quarter valued at approximately $2,724,000. Axxcess Wealth Management LLC acquired a new stake in shares of Schwab U.S. Aggregate Bond ETF during the 4th quarter worth approximately $468,000. Finally, Corient Private Wealth LLC purchased a new stake in shares of Schwab U.S. Aggregate Bond ETF during the 4th quarter valued at approximately $544,000.

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.