JPMorgan Chase & Co. Acquires 23,970 Shares of Schwab 1-5 Year Corporate Bond ETF $SCHJ

JPMorgan Chase & Co. grew its holdings in shares of Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) by 569.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,178 shares of the company’s stock after buying an additional 23,970 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.11% of Schwab 1-5 Year Corporate Bond ETF worth $703,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHJ. Geneos Wealth Management Inc. bought a new stake in Schwab 1-5 Year Corporate Bond ETF during the 1st quarter worth about $27,000. LGT Financial Advisors LLC bought a new stake in Schwab 1-5 Year Corporate Bond ETF during the 3rd quarter worth about $33,000. AE Wealth Management LLC bought a new stake in Schwab 1-5 Year Corporate Bond ETF during the 3rd quarter worth about $35,000. Raymond James Financial Inc. bought a new stake in Schwab 1-5 Year Corporate Bond ETF during the 2nd quarter worth about $60,000. Finally, EverSource Wealth Advisors LLC bought a new stake in Schwab 1-5 Year Corporate Bond ETF during the 3rd quarter worth about $92,000.

Schwab 1-5 Year Corporate Bond ETF Price Performance

Shares of NYSEARCA:SCHJ opened at $24.72 on Monday. The company’s 50-day moving average price is $24.82 and its two-hundred day moving average price is $24.88. Schwab 1-5 Year Corporate Bond ETF has a one year low of $24.23 and a one year high of $25.05.

Schwab 1-5 Year Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a $0.0924 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, March 2nd.

Schwab 1-5 Year Corporate Bond ETF Profile

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.