Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Hits New 52-Week Low – What’s Next?

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $24.46 and last traded at $24.47, with a volume of 20570 shares changing hands. The stock had previously closed at $24.50.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

The business’s 50 day simple moving average is $24.59 and its 200 day simple moving average is $24.74.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SCHJ. Hartline Investment Corp raised its position in 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 period. Columbus Macro LLC lifted its holdings in shares of Schwab 1-5 Year Corporate Bond ETF by 2.9% in the 4th quarter. Columbus Macro LLC now owns 446,316 shares of the company’s stock worth $11,113,000 after acquiring an additional 12,767 shares during the last quarter. White Wing Wealth Management boosted its position in shares of Schwab 1-5 Year Corporate Bond ETF by 23.7% during the 4th quarter. White Wing Wealth Management now owns 426,746 shares of the company’s stock worth $10,626,000 after purchasing an additional 81,743 shares during the period. Cetera Investment Advisers boosted its position in shares of Schwab 1-5 Year Corporate Bond ETF by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 388,794 shares of the company’s stock worth $9,613,000 after purchasing an additional 2,629 shares during the period. Finally, SlateStone Wealth LLC increased its holdings in Schwab 1-5 Year Corporate Bond ETF by 65.6% in 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 during the last quarter.

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.