Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Hits New 1-Year High – Should You Buy?

Shares of Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $25.02 and last traded at $25.0150, with a volume of 74351 shares traded. The stock had previously closed at $25.01.

Schwab 1-5 Year Corporate Bond ETF Price Performance

The firm’s 50-day moving average is $24.92 and its 200 day moving average is $24.91.

Schwab 1-5 Year Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were issued a $0.1015 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. This is a positive change from Schwab 1-5 Year Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date was Monday, February 2nd.

Institutional Investors Weigh In On Schwab 1-5 Year Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hartline Investment Corp grew its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 2,999.5% in the fourth quarter. Hartline Investment Corp now owns 577,290 shares of the company’s stock valued at $14,375,000 after buying an additional 558,665 shares in the last quarter. AlphaStar Capital Management LLC bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the second quarter valued at about $4,788,000. SlateStone Wealth LLC lifted its stake in shares of Schwab 1-5 Year Corporate Bond ETF by 65.6% during the 4th quarter. SlateStone Wealth LLC now owns 342,171 shares of the company’s stock worth $8,520,000 after buying an additional 135,514 shares during the last quarter. MFG Wealth Management Inc. acquired a new stake in shares of Schwab 1-5 Year Corporate Bond ETF during the 3rd quarter worth about $2,999,000. Finally, Sightline Wealth Advisors LLC boosted its holdings in shares of Schwab 1-5 Year Corporate Bond ETF by 79.5% during the 4th quarter. Sightline Wealth Advisors LLC now owns 250,184 shares of the company’s stock worth $6,230,000 after buying an additional 110,827 shares during the period.

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.