Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sets New 1-Year Low – Here’s What Happened

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) hit a new 52-week low on Tuesday . The company traded as low as $22.06 and last traded at $22.08, with a volume of 49330 shares. The stock had previously closed at $22.20.

Schwab 5-10 Year Corporate Bond ETF Stock Up 0.1%

The business has a fifty day simple moving average of $22.34 and a 200 day simple moving average of $22.59.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Brown Brothers Harriman & Co. acquired a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the fourth quarter valued at approximately $28,000. Root Financial Partners LLC increased its stake in Schwab 5-10 Year Corporate Bond ETF by 110.6% during the 4th 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 acquired a new position in Schwab 5-10 Year Corporate Bond ETF in the 3rd quarter valued at $41,000. Principia Wealth Advisory LLC lifted its position in shares of 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 during the period. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the 4th quarter worth $44,000.

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.