Payne Capital LLC Takes Position in Schwab U.S. Aggregate Bond ETF $SCHZ

Payne Capital LLC purchased a new position in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 22,492 shares of the company’s stock, valued at approximately $528,000.

Other institutional investors have also recently bought and sold shares of the company. Daymark Wealth Partners LLC increased its position in Schwab U.S. Aggregate Bond ETF by 343.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 1,175,683 shares of the company’s stock worth $27,323,000 after purchasing an additional 910,577 shares during the last quarter. Cardinal Point Capital Management ULC increased its holdings in Schwab U.S. Aggregate Bond ETF by 6,517.7% in the second quarter. Cardinal Point Capital Management ULC now owns 635,697 shares of the company’s stock worth $14,774,000 after buying an additional 626,091 shares during the last quarter. AlphaStar Capital Management LLC acquired a new position in Schwab U.S. Aggregate Bond ETF in the second quarter worth approximately $13,996,000. Rockbridge Investment Management LCC raised its position in Schwab U.S. Aggregate Bond ETF by 6.9% during the second quarter. Rockbridge Investment Management LCC now owns 7,382,880 shares of the company’s stock valued at $171,578,000 after acquiring an additional 477,759 shares in the last quarter. Finally, Charles Schwab Trust Co lifted its stake in Schwab U.S. Aggregate Bond ETF by 6.4% in the third quarter. Charles Schwab Trust Co now owns 5,946,824 shares of the company’s stock valued at $139,572,000 after acquiring an additional 359,756 shares during the last quarter.

Schwab U.S. Aggregate Bond ETF Price Performance

SCHZ stock opened at $23.32 on Wednesday. The firm has a 50 day moving average of $23.42 and a two-hundred day moving average of $23.40. Schwab U.S. Aggregate Bond ETF has a 12 month low of $22.52 and a 12 month high of $23.71.

Schwab U.S. Aggregate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 6th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is 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) annualized dividend and a yield of 4.4%.

Schwab U.S. Aggregate Bond ETF 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.