Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Shares Down 0.1% – Here’s What Happened

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ)’s stock price traded down 0.1% during trading on Thursday . The stock traded as low as $24.39 and last traded at $24.40. 96,753 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 95,736 shares. The stock had previously closed at $24.43.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

The stock has a 50-day moving average of $24.64 and a 200 day moving average of $24.39.

Institutional Trading of Schwab 1-5 Year Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its position in shares of Schwab 1-5 Year Corporate Bond ETF by 35.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 49,004 shares of the company’s stock valued at $2,366,000 after buying an additional 12,773 shares during the period. Cetera Investment Advisers grew its position in Schwab 1-5 Year Corporate Bond ETF by 46.3% in the first quarter. Cetera Investment Advisers now owns 167,667 shares of the company’s stock worth $8,103,000 after acquiring an additional 53,097 shares during the period. Cannon Financial Strategists Inc. acquired a new stake in Schwab 1-5 Year Corporate Bond ETF during the second quarter worth $1,307,000. Wealth Enhancement Advisory Services LLC raised its position in Schwab 1-5 Year Corporate Bond ETF by 41.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,671 shares of the company’s stock valued at $370,000 after purchasing an additional 2,237 shares during the period. Finally, Foundations Investment Advisors LLC lifted its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 57.1% in the 2nd quarter. Foundations Investment Advisors LLC now owns 21,377 shares of the company’s stock valued at $1,032,000 after purchasing an additional 7,769 shares during the last quarter.

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.