Summit Financial Strategies Inc. Cuts Stake in Schwab U.S. Aggregate Bond ETF $SCHZ

Summit Financial Strategies Inc. lessened its stake in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 414,423 shares of the company’s stock after selling 50,855 shares during the quarter. Schwab U.S. Aggregate Bond ETF makes up approximately 0.8% of Summit Financial Strategies Inc.’s portfolio, making the stock its 19th biggest holding. Summit Financial Strategies Inc. owned 0.10% of Schwab U.S. Aggregate Bond ETF worth $9,685,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SCHZ. Alliance Wealth Management Group increased its holdings in Schwab U.S. Aggregate Bond ETF by 3.5% in the 3rd quarter. Alliance Wealth Management Group now owns 1,063,942 shares of the company’s stock worth $24,971,000 after acquiring an additional 36,009 shares during the last quarter. Fortis Capital Advisors LLC bought a new position in Schwab U.S. Aggregate Bond ETF in the 3rd quarter worth approximately $1,053,000. Belpointe Asset Management LLC bought a new position in Schwab U.S. Aggregate Bond ETF in the 3rd quarter worth approximately $1,053,000. Farther Finance Advisors LLC boosted its holdings in Schwab U.S. Aggregate Bond ETF by 346.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 138,312 shares of the company’s stock worth $3,246,000 after buying an additional 107,357 shares during the period. Finally, Chatterton & Associates Inc. bought a new position in Schwab U.S. Aggregate Bond ETF in the 4th quarter worth approximately $3,996,000.

Schwab U.S. Aggregate Bond ETF Stock Up 0.4%

SCHZ opened at $23.36 on Friday. The company has a 50 day moving average of $23.37 and a 200 day moving average of $23.43. Schwab U.S. Aggregate Bond ETF has a 12 month low of $22.64 and a 12 month high of $23.73.

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.