Envestnet Asset Management Inc. Trims Stock Position in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ)

Envestnet Asset Management Inc. cut its stake in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 2.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,161,583 shares of the company’s stock after selling 59,979 shares during the quarter. Envestnet Asset Management Inc. owned about 1.30% of Schwab U.S. Aggregate Bond ETF worth $98,525,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHZ. Principal Securities Inc. purchased a new stake in Schwab U.S. Aggregate Bond ETF in the fourth quarter worth $57,000. Glassman Wealth Services bought a new position in shares of Schwab U.S. Aggregate Bond ETF in the 2nd quarter worth about $57,000. PNC Financial Services Group Inc. increased its stake in shares of Schwab U.S. Aggregate Bond ETF by 1,025.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,294 shares of the company’s stock worth $60,000 after acquiring an additional 1,179 shares in the last quarter. LifeSteps Financial Inc. purchased a new position in Schwab U.S. Aggregate Bond ETF during the 1st quarter valued at about $63,000. Finally, New Republic Capital LLC boosted its stake in Schwab U.S. Aggregate Bond ETF by 37.3% during the fourth quarter. New Republic Capital LLC now owns 1,365 shares of the company’s stock worth $64,000 after acquiring an additional 371 shares in the last quarter.

Schwab U.S. Aggregate Bond ETF Stock Performance

Shares of SCHZ opened at $47.79 on Wednesday. The firm’s 50-day simple moving average is $46.84 and its two-hundred day simple moving average is $45.95. Schwab U.S. Aggregate Bond ETF has a fifty-two week low of $43.05 and a fifty-two week high of $48.00.

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.