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

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $24.38 and last traded at $24.38, with a volume of 9589 shares traded. The stock had previously closed at $24.50.

Schwab 1-5 Year Corporate Bond ETF Stock Down 0.4%

The firm’s 50-day moving average is $24.54 and its 200 day moving average is $24.67.

Institutional Trading of Schwab 1-5 Year Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of SCHJ. Nalls Sherbakoff Group LLC purchased a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the fourth quarter valued at about $26,000. Western Wealth Management LLC purchased a new position in shares of Schwab 1-5 Year Corporate Bond ETF during the 1st quarter worth approximately $27,000. Geneos Wealth Management Inc. acquired a new position in shares of Schwab 1-5 Year Corporate Bond ETF during the 1st quarter worth approximately $27,000. LGT Financial Advisors LLC acquired a new position in shares of Schwab 1-5 Year Corporate Bond ETF during the 3rd 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 during the 1st 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.