Modera Wealth Management LLC lowered its stake in Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ – Free Report) by 20.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 167,321 shares of the company’s stock after selling 43,511 shares during the period. Modera Wealth Management LLC owned 0.55% of Schwab 1-5 Year Corporate Bond ETF worth $4,137,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in Schwab 1-5 Year Corporate Bond ETF during the first quarter valued at $1,666,000. Geneos Wealth Management Inc. bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF during the first quarter valued at $27,000. Raymond James Financial Inc. bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF during the second quarter valued at $60,000. Osaic Holdings Inc. raised its position in shares of Schwab 1-5 Year Corporate Bond ETF by 38.7% in the 2nd quarter. Osaic Holdings Inc. now owns 16,751 shares of the company’s stock worth $416,000 after purchasing an additional 4,677 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Schwab 1-5 Year Corporate Bond ETF by 569.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,178 shares of the company’s stock worth $703,000 after purchasing an additional 23,970 shares during the last quarter.
Schwab 1-5 Year Corporate Bond ETF Stock Performance
Shares of Schwab 1-5 Year Corporate Bond ETF stock opened at $24.56 on Friday. The firm’s 50-day moving average is $24.60 and its 200 day moving average is $24.75. Schwab 1-5 Year Corporate Bond ETF has a 1 year low of $24.48 and a 1 year high of $25.05.
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.
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