Assetmark Inc. Reduces Stock Holdings in Schwab 5-10 Year Corporate Bond ETF $SCHI

Assetmark Inc. trimmed its holdings in shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) by 4.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 91,845 shares of the company’s stock after selling 3,987 shares during the period. Assetmark Inc.’s holdings in Schwab 5-10 Year Corporate Bond ETF were worth $2,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. increased its position in shares of Schwab 5-10 Year Corporate Bond ETF by 6.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 32,081 shares of the company’s stock valued at $721,000 after acquiring an additional 1,918 shares during the period. IFP Advisors Inc increased its position in shares of Schwab 5-10 Year Corporate Bond ETF by 114.5% in the 1st quarter. IFP Advisors Inc now owns 7,127 shares of the company’s stock valued at $160,000 after acquiring an additional 3,804 shares during the period. EP Wealth Advisors LLC increased its position in shares of Schwab 5-10 Year Corporate Bond ETF by 46.5% in the 1st quarter. EP Wealth Advisors LLC now owns 7,207 shares of the company’s stock valued at $162,000 after acquiring an additional 2,288 shares during the period. Avantax Advisory Services Inc. acquired a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the 1st quarter valued at $257,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Schwab 5-10 Year Corporate Bond ETF by 104.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 49,945 shares of the company’s stock valued at $1,122,000 after acquiring an additional 25,537 shares during the period.

Schwab 5-10 Year Corporate Bond ETF Price Performance

NYSEARCA SCHI opened at $22.95 on Wednesday. The stock’s fifty day moving average price is $23.08 and its 200 day moving average price is $22.71. Schwab 5-10 Year Corporate Bond ETF has a 1 year low of $21.59 and a 1 year high of $23.28.

Schwab 5-10 Year Corporate Bond ETF Company Profile

The Schwab 5-10 Year Corporate Bond ETF (SCHI) 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 intermediate maturities of 5-10 years. SCHI was launched on Oct 10, 2019 and is managed by Charles Schwab.