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

Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) saw strong trading volume on Monday . 222,541 shares were traded during trading, an increase of 11% from the previous session’s volume of 199,743 shares.The stock last traded at $24.69 and had previously closed at $24.70.

Schwab 1-5 Year Corporate Bond ETF Trading Down 0.1%

The firm’s fifty day moving average is $24.75 and its 200-day moving average is $24.86.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SCHJ. Jane Street Group LLC purchased a new position in Schwab 1-5 Year Corporate Bond ETF during the first quarter worth about $1,666,000. Geneos Wealth Management Inc. purchased a new position in Schwab 1-5 Year Corporate Bond ETF during the first quarter worth about $27,000. Raymond James Financial Inc. purchased a new position in Schwab 1-5 Year Corporate Bond ETF in the second quarter valued at about $60,000. Osaic Holdings Inc. increased its holdings in Schwab 1-5 Year Corporate Bond ETF by 38.7% in the second quarter. Osaic Holdings Inc. now owns 16,751 shares of the company’s stock valued at $416,000 after buying an additional 4,677 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new position in Schwab 1-5 Year Corporate Bond ETF in the third quarter valued at about $338,000.

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.