Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Trading Down 0.1% – Should You Sell?

The Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) saw a slight decline of 0.1% in its share price on Friday. The shares traded as low as $24.33, with the final price matching this figure. In total, approximately 85,016 shares changed hands, marking a decrease of 9% from the typical daily trading volume of 93,414 shares. This follows a closing price of $24.36 from the previous day.

Price Performance Analysis

The current price of SCHJ is being evaluated against its moving averages. The 50-day moving average stands at $24.46, while the 200-day moving average is slightly higher at $24.48. This indicates that the ETF is performing just below its short-term and long-term averages, prompting some investors to speculate on its future movements.

Institutional Investment Trends

Recent trading activity has caught the attention of several large institutional investors. For instance, Peapack Gladstone Financial Corp made a notable move by acquiring a new position in SCHJ worth approximately $278,000 during the third quarter. Likewise, Wilmington Savings Fund Society FSB also bought shares valued at about $134,000 in the same period. Sanctuary Advisors LLC made significant adjustments as well, boosting their holdings by 182.3% and now owning 67,937 shares worth an estimated $3,370,000 after adding 43,869 shares. Additionally, Integrated Wealth Concepts LLC increased its position by 11.4%, holding 67,433 shares valued at $3,345,000 after recent purchases. Flow Traders U.S. LLC also established a new position valued at around $1,577,000.

Overview of Schwab 1-5 Year Corporate Bond ETF

launched on October 10, 2019, the Schwab 1-5 Year Corporate Bond ETF primarily invests in investment-grade fixed-income securities. This exchange-traded fund aims to track a market-weighted index composed of USD-denominated corporate bonds with maturities between one to five years. Managed by Charles Schwab, the ETF is designed for investors looking for a blend of stability and yield in the bonds market.

Considerations for Investors

For current investors in SCHJ, considering selling or holding shares depends on individual investment strategies and risk tolerance. The recent minor decline suggests that potential volatility may continue. Additionally, ongoing monitoring of institutional trading patterns and financial health of the underlying bonds can provide valuable insights for making informed decisions.

SCHJ, ETF, Bonds