Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Sees Large Volume Increase – Time to Buy?

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJGet Free Report) saw unusually-strong trading volume on Friday . Approximately 235,504 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 232,453 shares.The stock last traded at $24.2450 and had previously closed at $24.27.

Schwab 1-5 Year Corporate Bond ETF Price Performance

The stock has a 50-day moving average price of $24.47 and a two-hundred day moving average price of $24.60.

Institutional Trading of Schwab 1-5 Year Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC purchased a new position in Schwab 1-5 Year Corporate Bond ETF during the 2nd quarter valued at $647,000. NorthRock Partners LLC bought a new position in Schwab 1-5 Year Corporate Bond ETF in the 2nd quarter worth $338,000. Integrated Wealth Concepts LLC lifted its position in shares of Schwab 1-5 Year Corporate Bond ETF by 73.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 19,002 shares of the company’s stock worth $469,000 after purchasing an additional 8,027 shares during the period. IFP Advisors Inc lifted its position in shares of Schwab 1-5 Year Corporate Bond ETF by 454.5% in the 2nd quarter. IFP Advisors Inc now owns 4,436 shares of the company’s stock worth $109,000 after purchasing an additional 3,636 shares during the period. Finally, Waverly Advisors LLC lifted its position in shares of Schwab 1-5 Year Corporate Bond ETF by 8.9% in the 2nd quarter. Waverly Advisors LLC now owns 205,206 shares of the company’s stock worth $5,060,000 after purchasing an additional 16,768 shares during the period.

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.

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