Bond & Devick Financial Network Inc. Has $19.23 Million Stock Position in Schwab U.S. Aggregate Bond ETF $SCHZ

Bond & Devick Financial Network Inc. increased its position in shares of Schwab U.S. Aggregate Bond ETF (NYSEARCA:SCHZ) by 10.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 822,996 shares of the company’s stock after purchasing an additional 76,480 shares during the period. Schwab U.S. Aggregate Bond ETF accounts for 5.4% of Bond & Devick Financial Network Inc.’s investment portfolio, making the stock its 4th largest holding. Bond & Devick Financial Network Inc.’s holdings in Schwab U.S. Aggregate Bond ETF were worth $19,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rockbridge Investment Management LCC increased its holdings in shares of Schwab U.S. Aggregate Bond ETF by 7.8% in the third quarter. Rockbridge Investment Management LCC now owns 7,958,838 shares of the company’s stock valued at $186,794,000 after purchasing an additional 575,958 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Schwab U.S. Aggregate Bond ETF by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 7,450,294 shares of the company’s stock worth $173,387,000 after acquiring an additional 98,660 shares during the last quarter. Avantax Planning Partners Inc. boosted its holdings in shares of Schwab U.S. Aggregate Bond ETF by 2.8% during the third quarter. Avantax Planning Partners Inc. now owns 7,183,067 shares of the company’s stock worth $168,587,000 after acquiring an additional 195,216 shares during the period. Charles Schwab Trust Co grew its position in shares of Schwab U.S. Aggregate Bond ETF by 4.5% in the fourth quarter. Charles Schwab Trust Co now owns 6,215,188 shares of the company’s stock valued at $145,249,000 after purchasing an additional 268,364 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. grew its position in shares of Schwab U.S. Aggregate Bond ETF by 10.7% in the third quarter. Financial Engines Advisors L.L.C. now owns 5,427,583 shares of the company’s stock valued at $127,385,000 after purchasing an additional 524,573 shares during the last quarter.

Schwab U.S. Aggregate Bond ETF Price Performance

NYSEARCA:SCHZ opened at $23.05 on Friday. The stock has a 50 day simple moving average of $23.41 and a 200 day simple moving average of $23.45. Schwab U.S. Aggregate Bond ETF has a 1-year low of $22.52 and a 1-year high of $23.73.

Schwab U.S. Aggregate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.0772 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

Schwab U.S. Aggregate Bond ETF Profile

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.