Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Sees Unusually-High Trading Volume – Here’s Why

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) saw an uptick in trading volume on Tuesday . 462,746 shares traded hands during mid-day trading, an increase of 80% from the previous session’s volume of 257,478 shares.The stock last traded at $24.8650 and had previously closed at $24.98.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

The firm’s 50 day moving average is $24.91 and its 200-day moving average is $24.89.

Schwab 1-5 Year Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 6th. Investors of record on Monday, February 2nd will be given a dividend of $0.1015 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, February 2nd. This is a positive change from Schwab 1-5 Year Corporate Bond ETF’s previous monthly dividend of $0.09.

Institutional Trading of Schwab 1-5 Year Corporate Bond ETF

Hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. acquired a new position in Schwab 1-5 Year Corporate Bond ETF during the 1st quarter worth approximately $27,000. LGT Financial Advisors LLC purchased a new position in Schwab 1-5 Year Corporate Bond ETF in the third quarter valued at approximately $33,000. AE Wealth Management LLC acquired a new position in shares of Schwab 1-5 Year Corporate Bond ETF in the 3rd quarter valued at $35,000. Comerica Bank purchased a new position in shares of Schwab 1-5 Year Corporate Bond ETF during the fourth quarter worth about $50,000. Finally, Raymond James Financial Inc. purchased a new position in Schwab 1-5 Year Corporate Bond ETF during the 2nd quarter worth approximately $60,000.

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.