Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Share Price Breaks Above Fifty Day Moving Average – What’s Next?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI – Get Free Report)’s stock price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $21.73 and traded as high as $21.84. Schwab 5-10 Year Corporate Bond ETF shares last traded at $21.81, with a volume of 2,129,143 shares.

Schwab 5-10 Year Corporate Bond ETF Trading Up 0.6%

The stock has a fifty day moving average of $21.73 and a 200 day moving average of $22.43.

Hedge Funds Weigh In On Schwab 5-10 Year Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of the business. RCS Financial Planning LLC acquired a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the third quarter valued at about $4,052,000. Envestnet Asset Management Inc. increased its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 7,236,543 shares of the company’s stock worth $163,835,000 after purchasing an additional 28,374 shares in the last quarter. Keeler Thomas Management LLC purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the second quarter worth about $678,000. Citadel Advisors LLC raised its position in shares of Schwab 5-10 Year Corporate Bond ETF by 223.3% during the 2nd quarter. Citadel Advisors LLC now owns 1,008,679 shares of the company’s stock worth $22,836,000 after purchasing an additional 696,650 shares during the last quarter. Finally, BRIA Capital Group LLC acquired a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the 3rd quarter worth about $8,796,000.

About Schwab 5-10 Year Corporate Bond ETF

(Get Free Report)

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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