Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Sees Strong Trading Volume – Still a Buy?

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) saw strong trading volume on Monday . 330,795 shares changed hands during trading, an increase of 46% from the previous session’s volume of 226,445 shares.The stock last traded at $24.50 and had previously closed at $24.48.

Schwab 1-5 Year Corporate Bond ETF Price Performance

The business’s fifty day moving average is $24.59 and its two-hundred day moving average is $24.74.

Institutional Trading of Schwab 1-5 Year Corporate Bond ETF

Several hedge funds have recently made changes to their positions in SCHJ. Nalls Sherbakoff Group LLC bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the 4th quarter valued at about $26,000. Western Wealth Management LLC bought a new stake in Schwab 1-5 Year Corporate Bond ETF during the first quarter worth approximately $27,000. Geneos Wealth Management Inc. purchased a new stake in Schwab 1-5 Year Corporate Bond ETF during the first quarter valued at approximately $27,000. LGT Financial Advisors LLC bought a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the 3rd quarter valued at approximately $33,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the 1st quarter worth approximately $39,000.

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.