Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) Sets New 1-Year High – Still a 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. The stock had previously closed at $23.67.

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

The firm has a 50-day simple moving average of $23.45 and a two-hundred day simple moving average of $23.44.

Schwab U.S. Aggregate Bond ETF Increases Dividend

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

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

A number of large investors have recently modified their holdings of SCHZ. Brighton Jones LLC bought a new position in shares of Schwab U.S. Aggregate Bond ETF in the 4th quarter valued at $317,000. AQR Capital Management LLC increased its holdings in Schwab U.S. Aggregate Bond ETF by 15.9% in the 1st quarter. AQR Capital Management LLC now owns 14,212 shares of the company’s stock worth $329,000 after purchasing an additional 1,948 shares in the last quarter. Focus Partners Wealth raised its position in Schwab U.S. Aggregate Bond ETF by 28.9% in the first quarter. Focus Partners Wealth now owns 28,189 shares of the company’s stock valued at $653,000 after purchasing an additional 6,326 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Schwab U.S. Aggregate Bond ETF by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 4,002,318 shares of the company’s stock valued at $93,014,000 after purchasing an additional 94,200 shares in the last quarter. Finally, L.M. Kohn & Company grew its holdings in shares of Schwab U.S. Aggregate Bond ETF by 14.2% during the second quarter. L.M. Kohn & Company now owns 13,435 shares of the company’s stock worth $312,000 after purchasing an additional 1,669 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.