Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Shares Break Below 50 Day Moving Average – Here’s Why

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ)’s share price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $24.21 and traded as low as $24.15. Schwab 1-5 Year Corporate Bond ETF shares last traded at $24.18, with a volume of 613,575 shares trading hands.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

The company’s 50 day moving average is $24.21 and its 200-day moving average is $24.57.

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

Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in shares of Schwab 1-5 Year Corporate Bond ETF by 303.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,557,816 shares of the company’s stock worth $38,416,000 after purchasing an additional 1,171,609 shares in the last quarter. Columbus Macro LLC grew its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 2.9% in the 3rd quarter. Columbus Macro LLC now owns 430,664 shares of the company’s stock valued at $10,379,000 after buying an additional 12,204 shares during the period. Cetera Investment Advisers increased its position in Schwab 1-5 Year Corporate Bond ETF by 0.7% in the 1st quarter. Cetera Investment Advisers now owns 388,794 shares of the company’s stock valued at $9,613,000 after buying an additional 2,629 shares in the last quarter. Bank of America Corp DE increased its position in 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 valued at $7,113,000 after buying an additional 10,265 shares in the last quarter. Finally, Compass Financial Group INC SD increased its position in Schwab 1-5 Year Corporate Bond ETF by 13.0% in the 3rd quarter. Compass Financial Group INC SD now owns 276,121 shares of the company’s stock valued at $6,655,000 after buying an additional 31,775 shares in the last quarter.

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.