Salem Investment Counselors Inc. Invests $54,000 in Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ)
Salem Investment Counselors Inc. has recently made a new investment in the Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ). This investment was reported in the company's latest filing with the Securities and Exchange Commission (SEC), indicating that the firm acquired 2,223 shares of the ETF, which amounts to approximately $54,000.
In addition to Salem Investment Counselors, several other institutional investors and hedge funds have also been active in managing their holdings in SCHJ. For instance, Stonekeep Investments LLC expanded its portfolio by increasing its stake in the Schwab 1-5 Year Corporate Bond ETF by 2.7% during the third quarter, bringing its total to 16,350 shares valued at $811,000 after purchasing an additional 435 shares in the latest quarter.
Moreover, Creative Planning has enhanced its position in the ETF by 4.5% during the same period, resulting in ownership of 10,698 shares worth $531,000 after acquiring an extra 461 shares in the previous quarter. Commonwealth Equity Services LLC also increased its stake by 4.7% in the second quarter, now holding 10,927 shares valued at $528,000 after adding 495 shares.
Wealth Enhancement Advisory Services LLC made a significant increase as well, raising its holdings by 11.9% during the third quarter to now own 8,586 shares valued at $426,000 after adding 915 additional shares. Lastly, Envestnet Asset Management Inc. boosted its holdings by 0.6% in the second quarter, totaling 185,266 shares worth $8,945,000 following an increase of 1,143 shares.
Price Performance of Schwab 1-5 Year Corporate Bond ETF
The Schwab 1-5 Year Corporate Bond ETF (SCHJ) was noted to have opened at $24.31 on a recent Wednesday market session. The fund's 50-day simple moving average is currently at $24.43, while its two-hundred-day simple moving average is at $24.50. Additionally, the ETF has recorded a 52-week low of $23.84 and a 52-week high of $24.86.
About Schwab 1-5 Year Corporate Bond ETF
The Schwab 1-5 Year Corporate Bond ETF (SCHJ) is designed for investors looking for exposure to short-term, investment-grade fixed income securities. The ETF tracks a market-weighted index comprising USD-denominated investment-grade corporate bonds with maturities between one to five years. Launched on October 10, 2019, it is managed by Charles Schwab.
Additional Insights
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