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

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ – Get Free Report) hit a new 52-week low on Tuesday. The stock traded as low as $24.08 and last traded at $24.10, with a volume of 237107 shares changing hands. The stock had previously closed at $24.16.

Schwab 1-5 Year Corporate Bond ETF Stock Down 0.0%

The business has a 50-day moving average of $24.40 and a 200-day moving average of $24.56.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SCHJ. Envestnet Asset Management Inc. raised its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 303.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,557,816 shares of the company’s stock worth $38,416,000 after purchasing an additional 1,171,609 shares in the last quarter. Hartline Investment Corp increased its holdings in Schwab 1-5 Year Corporate Bond ETF by 10.9% during the first quarter. Hartline Investment Corp now owns 640,325 shares of the company’s stock worth $15,832,000 after buying an additional 63,035 shares during the last quarter. Cetera Investment Advisers increased its holdings in Schwab 1-5 Year Corporate Bond ETF by 0.7% during the first quarter. Cetera Investment Advisers now owns 388,794 shares of the company’s stock worth $9,613,000 after buying an additional 2,629 shares during the last quarter. SlateStone Wealth LLC raised its position in Schwab 1-5 Year Corporate Bond ETF by 65.6% during the fourth quarter. SlateStone Wealth LLC now owns 342,171 shares of the company’s stock worth $8,520,000 after acquiring an additional 135,514 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Schwab 1-5 Year Corporate Bond ETF by 3.7% during the first quarter. Bank of America Corp DE now owns 287,702 shares of the company’s stock worth $7,113,000 after acquiring an additional 10,265 shares in the last quarter.

About Schwab 1-5 Year Corporate Bond ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Schwab 1-5 Year Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab 1-5 Year Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.