Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) Stake Boosted by Meridian Wealth Management LLC

Meridian Wealth Management LLC lifted its stake in shares of Schwab 1-5 Year Corporate Bond ETF (NYSEARCA:SCHJ) by 116.1% during the fourth quarter, Holdings Channel reports. The firm owned 316,135 shares of the company’s stock after buying an additional 169,839 shares during the period. Meridian Wealth Management LLC’s holdings in Schwab 1-5 Year Corporate Bond ETF were worth $7,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Pure Portfolios Holdings LLC increased its position in Schwab 1-5 Year Corporate Bond ETF by 114.5% in the fourth quarter. Pure Portfolios Holdings LLC now owns 114,197 shares of the company’s stock worth $2,784,000 after buying an additional 60,962 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Schwab 1-5 Year Corporate Bond ETF during the third quarter worth about $134,000. Peapack Gladstone Financial Corp acquired a new stake in shares of Schwab 1-5 Year Corporate Bond ETF in the 3rd quarter worth about $278,000. Brookstone Capital Management lifted its position in Schwab 1-5 Year Corporate Bond ETF by 25.2% in the 4th quarter. Brookstone Capital Management now owns 9,845 shares of the company’s stock valued at $240,000 after purchasing an additional 1,982 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in Schwab 1-5 Year Corporate Bond ETF by 6.7% during the 4th quarter. Sanctuary Advisors LLC now owns 72,500 shares of the company’s stock valued at $1,778,000 after purchasing an additional 4,563 shares during the period.

Schwab 1-5 Year Corporate Bond ETF Stock Performance

NYSEARCA SCHJ opened at $24.65 on Monday. The company has a 50-day moving average price of $24.43 and a two-hundred day moving average price of $24.53. Schwab 1-5 Year Corporate Bond ETF has a 52 week low of $23.85 and a 52 week high of $24.87.

Schwab 1-5 Year Corporate Bond ETF Company 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.