Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Reaches New 12-Month Low – Should You Sell?

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) reached a new 52-week low on Wednesday . The company traded as low as $24.52 and last traded at $24.52, with a volume of 54309 shares trading hands. The stock had previously closed at $24.56.

Schwab 1-5 Year Corporate Bond ETF Stock Up 0.1%

The company has a fifty day moving average price of $24.62 and a 200-day moving average price of $24.77.

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

Several institutional investors have recently made changes to their positions in SCHJ. Hartline Investment Corp boosted its holdings in Schwab 1-5 Year Corporate Bond ETF by 2,999.5% during 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 in the last quarter. Waverly Advisors LLC purchased a new position in Schwab 1-5 Year Corporate Bond ETF in the first quarter valued at $4,659,000. SlateStone Wealth LLC increased its holdings in Schwab 1-5 Year Corporate Bond ETF by 65.6% in the fourth quarter. SlateStone Wealth LLC now owns 342,171 shares of the company’s stock valued at $8,520,000 after buying an additional 135,514 shares in the last quarter. Sightline Wealth Advisors LLC raised its position in shares of Schwab 1-5 Year Corporate Bond ETF by 79.5% in the fourth quarter. Sightline Wealth Advisors LLC now owns 250,184 shares of the company’s stock worth $6,230,000 after acquiring an additional 110,827 shares during the period. Finally, White Wing Wealth Management raised its position in shares of Schwab 1-5 Year Corporate Bond ETF by 23.7% in the fourth quarter. White Wing Wealth Management now owns 426,746 shares of the company’s stock worth $10,626,000 after acquiring an additional 81,743 shares during the period.

Schwab 1-5 Year Corporate Bond ETF Company Profile

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.