Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Reaches New 12-Month Low – What’s Next?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)’s stock price hit a new 52-week low on Tuesday. The company traded as low as $21.42 and last traded at $21.47, with a volume of 6421608 shares trading hands. The stock had previously closed at $21.60.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

The firm’s 50 day moving average is $22.06 and its two-hundred day moving average is $22.41.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC increased its position in shares of Schwab 5-10 Year Corporate Bond ETF by 110.6% in the 4th quarter. Root Financial Partners LLC now owns 1,257 shares of the company’s stock valued at $29,000 after buying an additional 660 shares in the last quarter. Vermillion Wealth Management Inc. bought a new position in Schwab 5-10 Year Corporate Bond ETF during the fourth quarter worth about $44,000. Global Trust Asset Management LLC acquired a new position in Schwab 5-10 Year Corporate Bond ETF in the first quarter valued at about $45,000. Sankala Group LLC acquired a new position in Schwab 5-10 Year Corporate Bond ETF in the fourth quarter valued at about $61,000. Finally, Cassaday & Co Wealth Management LLC acquired a new position in Schwab 5-10 Year Corporate Bond ETF in the first quarter valued at about $84,000.

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.