Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sets New 52-Week Low – Time to Sell?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $22.30 and last traded at $22.30, with a volume of 277400 shares. The stock had previously closed at $22.34.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

The firm’s 50 day simple moving average is $22.53 and its 200-day simple moving average is $22.76.

Institutional Trading of Schwab 5-10 Year Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in SCHI. Brown Brothers Harriman & Co. purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the fourth quarter worth about $28,000. Phillips Financial Management LLC acquired a new position in Schwab 5-10 Year Corporate Bond ETF during the 4th quarter worth approximately $28,000. Root Financial Partners LLC lifted its position 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 in the last quarter. Triumph Capital Management purchased a new position in Schwab 5-10 Year Corporate Bond ETF in the 3rd quarter worth approximately $41,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Schwab 5-10 Year Corporate Bond ETF in the 4th quarter worth approximately $44,000.

About Schwab 5-10 Year Corporate Bond ETF

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.