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

Shares of Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) reached a new 52-week low during trading on Monday . The stock traded as low as $24.44 and last traded at $24.45, with a volume of 30434 shares trading hands. The stock had previously closed at $24.53.

Schwab 1-5 Year Corporate Bond ETF Trading Down 0.3%

The stock’s 50-day simple moving average is $24.58 and its 200-day simple moving average is $24.73.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCHJ. Nalls Sherbakoff Group LLC bought a new stake in shares of Schwab 1-5 Year Corporate Bond ETF during the fourth quarter worth $26,000. Western Wealth Management LLC acquired a new position in Schwab 1-5 Year Corporate Bond ETF during the 1st quarter worth about $27,000. Geneos Wealth Management Inc. bought a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the 1st quarter valued at about $27,000. LGT Financial Advisors LLC acquired a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the third quarter worth approximately $33,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of Schwab 1-5 Year Corporate Bond ETF in 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.