Towercrest Capital Management Purchases 9,855 Shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ)

Towercrest Capital Management grew its position in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 542,867 shares of the company’s stock after buying an additional 9,855 shares during the quarter. Schwab U.S. Aggregate Bond ETF accounts for about 4.0% of Towercrest Capital Management’s portfolio, making the stock its 7th largest holding. Towercrest Capital Management owned about 0.33% of Schwab U.S. Aggregate Bond ETF worth $24,744,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SCHZ. Principal Securities Inc. bought a new position in shares of Schwab U.S. Aggregate Bond ETF in the fourth quarter worth about $57,000. Glassman Wealth Services acquired a new stake in Schwab U.S. Aggregate Bond ETF in the second quarter valued at approximately $57,000. PNC Financial Services Group Inc. grew its stake in shares of 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 worth $60,000 after buying an additional 1,179 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Schwab U.S. Aggregate Bond ETF by 76.7% during the fourth quarter. National Bank of Canada FI now owns 1,325 shares of the company’s stock worth $61,000 after buying an additional 575 shares in the last quarter. Finally, LifeSteps Financial Inc. bought a new position in Schwab U.S. Aggregate Bond ETF in the first quarter valued at about $63,000.

Schwab U.S. Aggregate Bond ETF Price Performance

Shares of NYSEARCA:SCHZ traded up $0.05 during mid-day trading on Friday, reaching $47.48. 1,625,636 shares of the company’s stock were exchanged, compared to its average volume of 705,240. The business’s fifty day moving average price is $46.54 and its 200-day moving average price is $45.85. Schwab U.S. Aggregate Bond ETF has a twelve month low of $43.05 and a twelve month high of $47.67.

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.