Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Trading 0.1% Higher – Still a Buy?

Shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) rose 0.1% during trading on Thursday . The stock traded as high as $23.22 and last traded at $23.17. Approximately 777,514 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 1,343,474 shares. The stock had previously closed at $23.14.

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

The company has a fifty day simple moving average of $23.59 and a two-hundred day simple moving average of $23.09.

Institutional Trading of Schwab U.S. Aggregate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCHZ. Hollencrest Capital Management grew its stake in shares of Schwab U.S. Aggregate Bond ETF by 321.1% during the 2nd quarter. Hollencrest Capital Management now owns 678 shares of the company’s stock valued at $31,000 after buying an additional 517 shares during the period. Sound Income Strategies LLC purchased a new stake in Schwab U.S. Aggregate Bond ETF during the third quarter valued at about $35,000. Godsey & Gibb Inc. acquired a new stake in Schwab U.S. Aggregate Bond ETF during the third quarter worth about $36,000. Bristlecone Advisors LLC purchased a new position in shares of Schwab U.S. Aggregate Bond ETF in the 3rd quarter worth about $56,000. Finally, Glassman Wealth Services acquired a new position in shares of Schwab U.S. Aggregate Bond ETF in the 2nd quarter valued at about $57,000.

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.