Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Hits New 12-Month Low – What’s Next?

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) hit a new 52-week low during mid-day trading on Wednesday . The stock 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 Performance

The company’s 50 day moving average price is $24.50 and its 200-day moving average price is $24.63.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hartline Investment Corp raised its position in shares of Schwab 1-5 Year Corporate Bond ETF by 2,999.5% in the 4th quarter. Hartline Investment Corp now owns 577,290 shares of the company’s stock worth $14,375,000 after acquiring an additional 558,665 shares in the last quarter. SlateStone Wealth LLC boosted its position in shares of Schwab 1-5 Year Corporate Bond ETF by 65.6% during the 4th quarter. SlateStone Wealth LLC now owns 342,171 shares of the company’s stock valued at $8,520,000 after purchasing an additional 135,514 shares in the last quarter. Moneywise Inc. bought a new stake in shares of Schwab 1-5 Year Corporate Bond ETF during the 4th quarter valued at about $892,000. Van Strum & Towne Inc. boosted its position in shares of Schwab 1-5 Year Corporate Bond ETF by 19.5% during the 1st quarter. Van Strum & Towne Inc. now owns 212,550 shares of the company’s stock valued at $5,255,000 after purchasing an additional 34,649 shares in the last quarter. Finally, Yanni & Associates Investment Advisors LLC acquired a new stake in Schwab 1-5 Year Corporate Bond ETF during the fourth quarter worth approximately $1,693,000.

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.