Red Tortoise LLC has increased its investment in the Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 34.8% during the third quarter of 2023. This growth comes as the firm acquired an additional 33,176 shares, bringing its total holdings to 128,406 shares. As of the latest filing with the Securities and Exchange Commission (SEC), the value of Red Tortoise LLC’s stake in the ETF amounts to approximately $3,014,000, making it the firm’s 17th largest position.
Several institutional investors have also adjusted their positions in the Schwab U.S. Aggregate Bond ETF. For instance, Lansing Street Advisors raised its stake by 2.8% in the second quarter, now holding 16,345 shares valued at $380,000 after purchasing an additional 447 shares. Similarly, Seek First Inc. increased its position by 2.0%, owning 23,241 shares worth $540,000 after acquiring an extra 458 shares during the same period.
Further Institutional Adjustments
RBA Wealth Management LLC expanded its stake by 2.9%, now controlling 17,643 shares valued at $410,000 after acquiring 491 new shares. Zhang Financial LLC saw a modest increase of 0.5% in its holdings, now possessing 97,380 shares worth $2,263,000 following the purchase of 512 additional shares. Avidian Wealth Enterprises LLC also made a slight increase in its position by 0.6%, bringing its total to 89,656 shares valued at $2,084,000 after an acquisition of 529 shares.
The Schwab U.S. Aggregate Bond ETF opened at $23.40 on Tuesday. The fund’s fifty-day simple moving average stands at $23.45, while its 200-day simple moving average is $23.35. Over the past year, SCHZ has experienced a low of $22.43 and a high of $23.71.
About Schwab U.S. Aggregate Bond ETF
The Schwab U.S. Aggregate Bond ETF (SCHZ) is an exchange-traded fund that tracks the Bloomberg U.S. Aggregate Bond Index. This fund encompasses a diverse range of U.S. investment-grade fixed-income securities, including corporate, government, and mortgage-backed securities. Launched on July 14, 2011, the ETF is managed by Charles Schwab.
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