MFG Wealth Management Inc. Takes $3 Million Position in Schwab 1-5 Year Corporate Bond ETF $SCHJ

MFG Wealth Management Inc. bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 120,213 shares of the company’s stock, valued at approximately $2,999,000. Schwab 1-5 Year Corporate Bond ETF makes up about 2.3% of MFG Wealth Management Inc.’s portfolio, making the stock its 11th largest position. MFG Wealth Management Inc. owned approximately 0.49% of Schwab 1-5 Year Corporate Bond ETF at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. AlphaStar Capital Management LLC acquired a new position in Schwab 1-5 Year Corporate Bond ETF during the 2nd quarter valued at about $4,788,000. Kestra Advisory Services LLC bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the first quarter valued at approximately $3,280,000. Jane Street Group LLC purchased a new position in shares of Schwab 1-5 Year Corporate Bond ETF during the first quarter valued at approximately $1,666,000. SlateStone Wealth LLC grew its holdings in Schwab 1-5 Year Corporate Bond ETF by 18.9% during the second quarter. SlateStone Wealth LLC now owns 232,966 shares of the company’s stock worth $5,780,000 after buying an additional 37,046 shares in the last quarter. Finally, Van Strum & Towne Inc. raised its position in Schwab 1-5 Year Corporate Bond ETF by 28.4% in the 2nd quarter. Van Strum & Towne Inc. now owns 163,092 shares of the company’s stock valued at $4,046,000 after buying an additional 36,040 shares during the last quarter.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

Shares of NYSEARCA:SCHJ opened at $24.95 on Friday. The stock’s fifty day simple moving average is $24.92 and its two-hundred day simple moving average is $24.84. Schwab 1-5 Year Corporate Bond ETF has a 1-year low of $24.23 and a 1-year high of $25.02.

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.