Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Sets New 12-Month Low – Here’s What Happened

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $24.46 and last traded at $24.47, with a volume of 20570 shares changing hands. The stock had previously closed at $24.50.

Schwab 1-5 Year Corporate Bond ETF Price Performance

The company has a 50 day moving average of $24.60 and a 200 day moving average of $24.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nalls Sherbakoff Group LLC purchased a new position in shares of Schwab 1-5 Year Corporate Bond ETF during the 4th quarter worth about $26,000. Western Wealth Management LLC purchased a new stake in Schwab 1-5 Year Corporate Bond ETF in the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. purchased a new stake in Schwab 1-5 Year Corporate Bond ETF in the first quarter valued at approximately $27,000. LGT Financial Advisors LLC acquired a new position in Schwab 1-5 Year Corporate Bond ETF during the third quarter worth approximately $33,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Schwab 1-5 Year Corporate Bond ETF during the first quarter worth approximately $39,000.

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.