Friedenthal Financial Acquires 111,359 Shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ)

Friedenthal Financial grew its stake in shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 100.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 222,718 shares of the company’s stock after acquiring an additional 111,359 shares during the period. Schwab U.S. Aggregate Bond ETF makes up about 3.0% of Friedenthal Financial’s holdings, making the stock its 6th largest position. Friedenthal Financial’s holdings in Schwab U.S. Aggregate Bond ETF were worth $5,056,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Archer Investment Corp acquired a new stake in Schwab U.S. Aggregate Bond ETF in the 3rd quarter valued at about $26,000. Hollencrest Capital Management lifted its stake in Schwab U.S. Aggregate Bond ETF by 321.1% during the second quarter. Hollencrest Capital Management now owns 678 shares of the company’s stock valued at $31,000 after purchasing an additional 517 shares during the last quarter. Modus Advisors LLC bought a new stake in Schwab U.S. Aggregate Bond ETF during the fourth quarter worth approximately $33,000. Sound Income Strategies LLC acquired a new position in Schwab U.S. Aggregate Bond ETF in the third quarter worth approximately $35,000. Finally, Godsey & Gibb Inc. bought a new position in shares of Schwab U.S. Aggregate Bond ETF in the third quarter valued at $36,000.

Schwab U.S. Aggregate Bond ETF Price Performance

Shares of NYSEARCA:SCHZ traded down $0.03 on Monday, reaching $22.46. 3,175,166 shares of the company traded hands, compared to its average volume of 1,495,433. The company’s 50 day moving average is $22.92 and its 200-day moving average is $23.21. Schwab U.S. Aggregate Bond ETF has a fifty-two week low of $22.26 and a fifty-two week 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.