Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Reaches New 52-Week Low – Here’s Why

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

Schwab 1-5 Year Corporate Bond ETF Stock Performance

The firm has a fifty day moving average price of $24.58 and a 200 day moving average price of $24.73.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hartline Investment Corp raised its holdings in shares of Schwab 1-5 Year Corporate Bond ETF by 10.9% in the first quarter. Hartline Investment Corp now owns 640,325 shares of the company’s stock valued at $15,832,000 after purchasing an additional 63,035 shares during the last quarter. Cetera Investment Advisers raised its holdings in Schwab 1-5 Year Corporate Bond ETF by 0.7% in the 1st quarter. Cetera Investment Advisers now owns 388,794 shares of the company’s stock valued at $9,613,000 after acquiring an additional 2,629 shares during the period. SlateStone Wealth LLC grew its position in shares of Schwab 1-5 Year Corporate Bond ETF by 65.6% in the fourth 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 during the last quarter. Bank of America Corp DE boosted its stake in Schwab 1-5 Year Corporate Bond ETF by 3.7% in the 1st quarter. Bank of America Corp DE now owns 287,702 shares of the company’s stock valued at $7,113,000 after purchasing an additional 10,265 shares during the period. Finally, Sightline Wealth Advisors LLC boosted its stake in Schwab 1-5 Year Corporate Bond ETF by 79.5% in the 4th quarter. Sightline Wealth Advisors LLC now owns 250,184 shares of the company’s stock valued at $6,230,000 after purchasing an additional 110,827 shares during the period.

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.