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

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ – Get Free Report)’s stock price reached a new 52-week low during trading on Wednesday. The stock traded as low as $24.20 and last traded at $24.1850, with a volume of 118375 shares. The stock had previously closed at $24.27.

Schwab 1-5 Year Corporate Bond ETF Stock Down 0.2%

The stock’s fifty day simple moving average is $24.43 and its two-hundred day simple moving average is $24.58.

Institutional Trading of Schwab 1-5 Year Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its stake in Schwab 1-5 Year Corporate Bond ETF by 303.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,557,816 shares of the company’s stock valued at $38,416,000 after buying an additional 1,171,609 shares during the last quarter. Hartline Investment Corp grew its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 10.9% in the first quarter. Hartline Investment Corp now owns 640,325 shares of the company’s stock worth $15,832,000 after acquiring an additional 63,035 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 0.7% in the first quarter. Cetera Investment Advisers now owns 388,794 shares of the company’s stock worth $9,613,000 after acquiring an additional 2,629 shares during the last quarter. SlateStone Wealth LLC increased 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 in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Schwab 1-5 Year Corporate Bond ETF by 3.7% during the first quarter. Bank of America Corp DE now owns 287,702 shares of the company’s stock valued at $7,113,000 after acquiring an additional 10,265 shares in the last quarter.

Schwab 1-5 Year Corporate Bond ETF Company Profile

(Get Free Report)

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.

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