Ridgeline Wealth LLC Makes New Investment in Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ)

Ridgeline Wealth LLC acquired a new stake in shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) during the 4th quarter, Holdings Channel.com reports. The firm acquired 35,622 shares of the company’s stock, valued at approximately $809,000. Schwab U.S. Aggregate Bond ETF accounts for approximately 0.7% of Ridgeline Wealth LLC’s investment portfolio, making the stock its 21st largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Dentgroup LLC lifted its stake in Schwab U.S. Aggregate Bond ETF by 100.3% in the fourth quarter. Dentgroup LLC now owns 24,112 shares of the company’s stock valued at $547,000 after buying an additional 12,073 shares in the last quarter. Modus Advisors LLC acquired a new position in Schwab U.S. Aggregate Bond ETF in the 4th quarter worth $33,000. Versant Capital Management Inc boosted its stake in Schwab U.S. Aggregate Bond ETF by 93.2% in the 4th quarter. Versant Capital Management Inc now owns 20,871 shares of the company’s stock worth $474,000 after purchasing an additional 10,067 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Schwab U.S. Aggregate Bond ETF by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,330,057 shares of the company’s stock valued at $300,804,000 after purchasing an additional 689,398 shares during the period. Finally, Independent Solutions Wealth Management LLC boosted its position in shares of Schwab U.S. Aggregate Bond ETF by 9.8% during the third quarter. Independent Solutions Wealth Management LLC now owns 153,990 shares of the company’s stock worth $7,318,000 after buying an additional 13,731 shares during the period.

Schwab U.S. Aggregate Bond ETF Stock Down 0.1 %

Shares of NYSEARCA:SCHZ traded down $0.02 during mid-day trading on Monday, reaching $22.66. 1,077,429 shares of the stock were exchanged, compared to its average volume of 1,063,043. The stock’s 50 day simple moving average is $22.97 and its 200-day simple moving average is $23.22. Schwab U.S. Aggregate Bond ETF has a one year low of $22.26 and a one year high of $24.15.

About Schwab U.S. Aggregate Bond ETF

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.