Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Reaches New 12-Month Low – What’s Next?

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ)’s stock price reached 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 trading hands. The stock had previously closed at $24.58.

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

The firm has a 50 day moving average price of $24.71 and a 200-day moving average price of $24.84.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised 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 period. EverSource Wealth Advisors LLC increased its holdings in Schwab 1-5 Year Corporate Bond ETF by 18.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 22,749 shares of the company’s stock worth $562,000 after purchasing an additional 3,560 shares during the period. Waverly Advisors LLC purchased a new position in Schwab 1-5 Year Corporate Bond ETF during the 1st quarter worth $4,659,000. Compound Planning Inc. increased its holdings in shares of Schwab 1-5 Year Corporate Bond ETF by 2.3% in the 1st quarter. Compound Planning Inc. now owns 29,097 shares of the company’s stock valued at $719,000 after acquiring an additional 661 shares during the period. Finally, Cetera Investment Advisers grew its stake in 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 worth $9,613,000 after buying an additional 2,629 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.