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

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $24.36 and last traded at $24.3650, with a volume of 59107 shares changing hands. The stock had previously closed at $24.38.

Schwab 1-5 Year Corporate Bond ETF Price Performance

The stock has a 50-day simple moving average of $24.51 and a two-hundred day simple moving average of $24.64.

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

Hedge funds have recently added to or reduced their stakes in the stock. Hartline Investment Corp increased its position in Schwab 1-5 Year Corporate Bond ETF by 10.9% during the first quarter. Hartline Investment Corp now owns 640,325 shares of the company’s stock valued at $15,832,000 after acquiring an additional 63,035 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Schwab 1-5 Year Corporate Bond ETF by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 388,794 shares of the company’s stock valued at $9,613,000 after purchasing an additional 2,629 shares during the last quarter. SlateStone Wealth LLC lifted its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 65.6% in the 4th quarter. SlateStone Wealth LLC now owns 342,171 shares of the company’s stock worth $8,520,000 after purchasing an additional 135,514 shares during the period. Bank of America Corp DE boosted its holdings in shares of Schwab 1-5 Year Corporate Bond ETF by 3.7% in the first quarter. Bank of America Corp DE now owns 287,702 shares of the company’s stock worth $7,113,000 after buying an additional 10,265 shares during the last quarter. Finally, Summit Financial LLC boosted its holdings in shares of Schwab 1-5 Year Corporate Bond ETF by 3.6% in the fourth quarter. Summit Financial LLC now owns 223,951 shares of the company’s stock worth $5,576,000 after buying an additional 7,705 shares during the last quarter.

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.