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

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) hit 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. The stock had previously closed at $24.58.

Schwab 1-5 Year Corporate Bond ETF Price Performance

The firm has a fifty day moving average of $24.70 and a 200-day moving average of $24.84.

Institutional Trading of Schwab 1-5 Year Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JDM Financial Group LLC bought a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the 1st quarter worth $99,000. Western Wealth Management LLC bought a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the 1st quarter worth $27,000. Bank of America Corp DE raised its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 3.7% in the 1st 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 in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 18.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 22,749 shares of the company’s stock worth $562,000 after buying an additional 3,560 shares in the last quarter. Finally, Waverly Advisors LLC bought a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the 1st quarter worth $4,659,000.

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.