Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Trading Down 0.2% – Here’s Why

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) shares were down 0.2% during mid-day trading on Thursday . The stock traded as low as $24.55 and last traded at $24.56. Approximately 49,677 shares changed hands during trading, a decline of 48% from the average daily volume of 95,052 shares. The stock had previously closed at $24.60.

Schwab 1-5 Year Corporate Bond ETF Stock Down 0.1 %

The firm has a fifty day moving average of $24.68 and a 200-day moving average of $24.34.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Centaurus Financial Inc. bought a new stake in shares of Schwab 1-5 Year Corporate Bond ETF during the 2nd quarter valued at $101,000. Private Client Services LLC bought a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the 3rd quarter valued at about $207,000. FDx Advisors Inc. raised its position in shares of Schwab 1-5 Year Corporate Bond ETF by 23.3% in the 1st quarter. FDx Advisors Inc. now owns 5,940 shares of the company’s stock valued at $287,000 after acquiring an additional 1,121 shares during the period. Perigon Wealth Management LLC bought a new position in Schwab 1-5 Year Corporate Bond ETF during the 1st quarter worth approximately $296,000. Finally, Stephens Group Asset Management LLC acquired a new position in Schwab 1-5 Year Corporate Bond ETF during the third quarter valued at approximately $311,000.

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.