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) reached a new 52-week low during trading on Monday . The stock traded as low as $22.31 and last traded at $22.32, with a volume of 2093277 shares changing hands. The stock had previously closed at $22.40.

Schwab 5-10 Year Corporate Bond ETF Price Performance

The firm’s 50 day moving average price is $22.57 and its two-hundred day moving average price is $22.79.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Van Strum & Towne Inc. grew its stake in Schwab 5-10 Year Corporate Bond ETF by 43.3% in the 4th quarter. Van Strum & Towne Inc. now owns 495,353 shares of the company’s stock worth $11,378,000 after buying an additional 149,689 shares in the last quarter. AssuredPartners Investment Advisors LLC bought a new position in Schwab 5-10 Year Corporate Bond ETF in the fourth quarter valued at $4,720,000. Prairiewood Capital LLC raised its position in Schwab 5-10 Year Corporate Bond ETF by 64.2% during the first quarter. Prairiewood Capital LLC now owns 209,984 shares of the company’s stock valued at $4,762,000 after purchasing an additional 82,069 shares in the last quarter. Worth Asset Management LLC bought a new stake in Schwab 5-10 Year Corporate Bond ETF during the first quarter worth about $1,109,000. Finally, Corient Private Wealth LLC increased its position in shares of Schwab 5-10 Year Corporate Bond ETF by 133.3% during the 4th quarter. Corient Private Wealth LLC now owns 60,556 shares of the company’s stock valued at $1,391,000 after purchasing an additional 34,597 shares during the last quarter.

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.