Per Stirling Capital Management Acquires New Shares in Schwab U.S. Aggregate Bond ETF

Per Stirling Capital Management LLC has expanded its investment portfolio by acquiring a new stake in the Schwab U.S. Aggregate Bond ETF (NYSEARCA: SCHZ) during the second quarter. The details of this transaction were revealed through the latest 13F filing with the SEC, showing that the institutional investor has bought 5,187 shares valued at around $239,000.

Trading Activity Among Institutional Investors

In addition to Per Stirling Capital Management's purchase, there has been notable trading activity among other institutional investors. BCK Partners Inc. initiated a new position in the ETF during the first quarter with an investment worth $1,848,000. Meanwhile, JPMorgan Chase & Co. slightly increased its holdings by 3.1%, now owning 8,321 shares valued at $421,000. US Bancorp DE boosted its stake by 23.9%, reaching 1,555 shares worth $79,000. Cetera Investment Advisers and Baird Financial Group Inc. also adjusted their investments in the ETF during the first quarter, signaling robust interest among financial institutions in this particular fund.

SCHZ ETF Market Performance

The SCHZ ETF experienced a slight dip in trading price on a recent Wednesday, closing at $44.86 after a minor decrease of $0.03. It showed a trading volume of 78,721 shares against an average volume of 824,779. Over the past year, SCHZ ranged between a low of $43.05 and a high of $47.60. The fund's price movement over the past few months shows a 50-day simple moving average of $44.11 and a 200-day simple moving average of $45.22.

About Schwab U.S. Aggregate Bond ETF

Launched on July 14, 2011, and managed by Charles Schwab, the Schwab U.S. Aggregate Bond ETF aims to replicate the performance of the Bloomberg U.S. Aggregate Bond Index. This ETF encompasses a diverse mix of U.S. investment-grade fixed-income securities, including corporate bonds, U.S. government bonds, and mortgage-backed securities. As an exchange-traded fund, SCHZ offers investors broad exposure to the U.S. investment-grade bond market.

Investment, Acquisition, Portfolio