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

Shares of Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $24.36 and last traded at $24.3650, with a volume of 59107 shares trading hands. The stock had previously closed at $24.38.

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

The stock has a fifty day moving average of $24.51 and a 200 day moving average of $24.64.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Hartline Investment Corp increased its holdings in Schwab 1-5 Year Corporate Bond ETF by 10.9% in the 1st 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 in the last quarter. Cetera Investment Advisers lifted its holdings in Schwab 1-5 Year Corporate Bond ETF by 0.7% during the first quarter. Cetera Investment Advisers now owns 388,794 shares of the company’s stock valued at $9,613,000 after purchasing an additional 2,629 shares in the last quarter. SlateStone Wealth LLC boosted its position in shares of 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 worth $8,520,000 after purchasing an additional 135,514 shares during the period. Bank of America Corp DE boosted its position 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 purchasing an additional 10,265 shares during the period. Finally, Summit Financial LLC increased its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 3.6% in the fourth quarter. Summit Financial LLC now owns 223,951 shares of the company’s stock worth $5,576,000 after purchasing an additional 7,705 shares in 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.