Lane & Associates LLC has significantly expanded its investment portfolio by acquiring a new stake in the Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ). During the first quarter of 2023, the firm purchased 54,021 shares of the ETF, valued at approximately $1.25 million, as reported in its recent filing with the U.S. Securities and Exchange Commission (SEC).
The move comes amid a broader trend, as several hedge funds have also adjusted their positions in the Schwab U.S. Aggregate Bond ETF. Notably, Code Waechter LLC increased its stake by 8.4%, now holding 13,448 shares valued at $311,000 after acquiring an additional 1,045 shares in the same quarter.
Quotient Wealth Partners LLC has also entered the fray, purchasing a new stake in the ETF worth $425,000. Similarly, OMNI 360 Wealth Inc. raised its investment by 5.3%, now owning 34,381 shares valued at $796,000 after acquiring an additional 1,738 shares. Capital Management Associates Inc. further bolstered its holdings by 9.7%, bringing its total to 111,814 shares worth approximately $2.59 million following the purchase of 9,917 shares. Lastly, Fullcircle Wealth LLC increased its stake by 2.8%, now holding 114,881 shares valued at $2.66 million after acquiring an additional 3,143 shares.
Current Performance of Schwab U.S. Aggregate Bond ETF
As of the latest trading session, the Schwab U.S. Aggregate Bond ETF opened at $22.98. Over the past year, the ETF has experienced fluctuations, with a low of $22.43 and a high of $24.15. The fund’s fifty-day moving average stands at $22.94, while the 200-day moving average is slightly lower at $22.92.
The Schwab U.S. Aggregate Bond ETF, launched on July 14, 2011, is designed to track the Bloomberg U.S. Aggregate Bond Index. This index encompasses a wide array of U.S. investment-grade fixed-income securities, including corporate bonds, government debt, and mortgage-backed securities. The fund is managed by Charles Schwab, a well-respected name in asset management.
Investors interested in following the movements of the Schwab U.S. Aggregate Bond ETF and its major stakeholders can find up-to-date information through resources like HoldingsChannel.com. For those wishing to receive daily news summaries and analyst ratings, MarketBeat.com offers a free email newsletter specifically focusing on the ETF and related financial instruments.
