Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Sets New 52-Week Low – Time to Sell?

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $24.22 and last traded at $24.23, with a volume of 394661 shares traded. The stock had previously closed at $24.25.

Schwab 1-5 Year Corporate Bond ETF Trading Down 0.1%

The firm’s 50 day simple moving average is $24.47 and its two-hundred day simple moving average is $24.61.

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

A number of institutional investors have recently modified their holdings of the business. Hartline Investment Corp increased its position in Schwab 1-5 Year Corporate Bond ETF by 2,999.5% in the fourth quarter. Hartline Investment Corp now owns 577,290 shares of the company’s stock worth $14,375,000 after buying an additional 558,665 shares during the period. Waverly Advisors LLC bought a new stake in Schwab 1-5 Year Corporate Bond ETF in the first quarter valued at $4,659,000. SlateStone Wealth LLC boosted its holdings in shares of Schwab 1-5 Year Corporate Bond ETF by 65.6% during the fourth quarter. SlateStone Wealth LLC now owns 342,171 shares of the company’s stock valued at $8,520,000 after acquiring an additional 135,514 shares during the period. Victrix Investment Advisors acquired a new position in shares of Schwab 1-5 Year Corporate Bond ETF during the fourth quarter valued at $1,788,000. Finally, Monetary Solutions Ltd bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF during the fourth quarter worth about $1,284,000.

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.