Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Hits New 12-Month Low – Here’s What Happened

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHIGet Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $22.31 and last traded at $22.32, with a volume of 2093277 shares trading hands. The stock had previously closed at $22.40.

Schwab 5-10 Year Corporate Bond ETF Trading Up 0.2%

The company has a fifty day moving average price of $22.56 and a 200 day moving average price of $22.78.

Institutional Investors Weigh In On Schwab 5-10 Year Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. Phillips Financial Management LLC bought a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the 4th quarter worth approximately $28,000. Brown Brothers Harriman & Co. bought a new position in Schwab 5-10 Year Corporate Bond ETF during the 4th quarter valued at approximately $28,000. Root Financial Partners LLC lifted its stake in Schwab 5-10 Year Corporate Bond ETF by 110.6% in the fourth quarter. Root Financial Partners LLC now owns 1,257 shares of the company’s stock worth $29,000 after acquiring an additional 660 shares during the period. Triumph Capital Management bought a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the 3rd quarter valued at about $41,000. Finally, Principia Wealth Advisory LLC boosted its position in Schwab 5-10 Year Corporate Bond ETF by 1,254.2% during the 4th quarter. Principia Wealth Advisory LLC now owns 1,923 shares of the company’s stock valued at $44,000 after acquiring an additional 1,781 shares in the last quarter.

About Schwab 5-10 Year Corporate Bond ETF

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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.

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