Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Reaches New 12-Month Low – What’s Next?

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $24.53 and last traded at $24.54, with a volume of 27296 shares traded. The stock had previously closed at $24.58.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

The firm has a 50-day moving average of $24.71 and a 200-day moving average of $24.84.

Hedge Funds Weigh In On Schwab 1-5 Year Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nalls Sherbakoff Group LLC bought a new position in Schwab 1-5 Year Corporate Bond ETF during the fourth quarter valued at approximately $26,000. Geneos Wealth Management Inc. bought a new position in Schwab 1-5 Year Corporate Bond ETF during the first quarter valued at approximately $27,000. LGT Financial Advisors LLC bought a new position in Schwab 1-5 Year Corporate Bond ETF during the third quarter valued at approximately $33,000. AE Wealth Management LLC bought a new position in Schwab 1-5 Year Corporate Bond ETF during the third quarter valued at approximately $35,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in Schwab 1-5 Year Corporate Bond ETF during the first quarter valued at approximately $39,000.

About Schwab 1-5 Year Corporate Bond ETF

The Schwab 1-5 Year Corporate Bond ETF (SCHJ) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of USD-denominated investment-grade corporate bonds with short-term maturities of 1-5 years. SCHJ was launched on Oct 10, 2019 and is managed by Charles Schwab.