Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Reaches New 1-Year Low – Should You Sell?

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) hit a new 52-week low on Tuesday . The stock traded as low as $24.48 and last traded at $24.49, with a volume of 357881 shares traded. The stock had previously closed at $24.54.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

The business has a 50-day simple moving average of $24.61 and a 200-day simple moving average of $24.76.

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

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

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.