Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Hits New 52-Week Low – Should You Sell?

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

Schwab 5-10 Year Corporate Bond ETF Stock Down 0.5%

The company’s 50 day simple moving average is $22.36 and its 200 day simple moving average is $22.61.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Root Financial Partners LLC raised 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 in the last quarter. Asset Allocation Strategies LLC boosted its stake in Schwab 5-10 Year Corporate Bond ETF by 3.7% in the first quarter. Asset Allocation Strategies LLC now owns 19,862 shares of the company’s stock valued at $450,000 after acquiring an additional 713 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Schwab 5-10 Year Corporate Bond ETF by 5.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,292 shares of the company’s stock valued at $305,000 after acquiring an additional 726 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 5.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 15,193 shares of the company’s stock worth $349,000 after purchasing an additional 807 shares during the last quarter. Finally, Integrity Advisory Solutions LLC increased its position in shares of Schwab 5-10 Year Corporate Bond ETF by 8.1% during the fourth quarter. Integrity Advisory Solutions LLC now owns 11,855 shares of the company’s stock worth $272,000 after purchasing an additional 885 shares in the last quarter.

About Schwab 5-10 Year Corporate Bond ETF

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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.

Further Reading

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