Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sets New 52-Week Low – What’s Next?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $22.19 and last traded at $22.20, with a volume of 1619285 shares. The stock had previously closed at $22.25.

Schwab 5-10 Year Corporate Bond ETF Trading Down 0.3%

The business’s 50 day simple moving average is $22.43 and its 200 day simple moving average is $22.67.

Institutional Trading of Schwab 5-10 Year Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new position in Schwab 5-10 Year Corporate Bond ETF in the 4th quarter worth $28,000. Phillips Financial Management LLC bought a new stake in Schwab 5-10 Year Corporate Bond ETF during the fourth quarter valued at about $28,000. Root Financial Partners LLC raised its holdings in Schwab 5-10 Year Corporate Bond ETF by 110.6% during the fourth quarter. Root Financial Partners LLC now owns 1,257 shares of the company’s stock valued at $29,000 after acquiring an additional 660 shares during the period. Triumph Capital Management purchased a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the third quarter valued at about $41,000. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the fourth quarter valued at about $44,000.

About Schwab 5-10 Year Corporate Bond ETF

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.