Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Sees Large Volume Increase – What’s Next?

Shares of Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) saw unusually-strong trading volume on Wednesday . Approximately 413,339 shares traded hands during trading, an increase of 115% from the previous session’s volume of 192,343 shares.The stock last traded at $24.65 and had previously closed at $24.64.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

The company’s fifty day moving average price is $24.67 and its two-hundred day moving average price is $24.80.

Institutional Investors Weigh In On Schwab 1-5 Year Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SCHJ. Nalls Sherbakoff Group LLC bought a new position in Schwab 1-5 Year Corporate Bond ETF in the 4th quarter valued at $26,000. Western Wealth Management LLC acquired a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the first quarter valued at $27,000. Geneos Wealth Management Inc. bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the first quarter valued at about $27,000. LGT Financial Advisors LLC bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the third quarter valued at about $33,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Schwab 1-5 Year Corporate Bond ETF during the 1st quarter worth about $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.