Schwab U.S. Aggregate Bond ETF Stock Set to Split on Friday, October 11th (NYSEARCA:SCHZ)

Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ)’s stock is going to split before the market opens on Friday, October 11th. The 2-1 split was announced on Wednesday, September 25th. The newly minted shares will be payable to shareholders after the market closes on Thursday, October 10th.

Schwab U.S. Aggregate Bond ETF Trading Down 0.4 %

SCHZ traded down $0.21 during trading on Thursday, reaching $47.22. 405,035 shares of the company traded hands, compared to its average volume of 686,771. The firm has a fifty day simple moving average of $47.18 and a 200 day simple moving average of $46.08. Schwab U.S. Aggregate Bond ETF has a 12-month low of $43.05 and a 12-month high of $48.30.

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

A number of hedge funds have recently made changes to their positions in SCHZ. Hollencrest Capital Management increased its stake in Schwab U.S. Aggregate Bond ETF by 321.1% in the 2nd quarter. Hollencrest Capital Management now owns 678 shares of the company’s stock worth $31,000 after acquiring an additional 517 shares during the last quarter. Glassman Wealth Services purchased a new stake in Schwab U.S. Aggregate Bond ETF during the second quarter valued at $57,000. PNC Financial Services Group Inc. lifted its position in Schwab U.S. Aggregate Bond ETF by 1,025.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,294 shares of the company’s stock valued at $60,000 after purchasing an additional 1,179 shares during the last quarter. LifeSteps Financial Inc. purchased a new position in shares of Schwab U.S. Aggregate Bond ETF in the 1st quarter worth $63,000. Finally, Stephens Consulting LLC increased its holdings in shares of Schwab U.S. Aggregate Bond ETF by 124.9% in the 2nd quarter. Stephens Consulting LLC now owns 1,561 shares of the company’s stock worth $71,000 after buying an additional 867 shares during the last quarter.

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.