Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Reaches New 52-Week Low – Here’s Why

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) hit a new 52-week low on Wednesday . The stock traded as low as $21.74 and last traded at $21.7450, with a volume of 386159 shares changing hands. The stock had previously closed at $21.90.

Schwab 5-10 Year Corporate Bond ETF Trading Down 1.1%

The stock’s 50-day moving average price is $22.17 and its 200-day moving average price is $22.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 5.0% during the fourth quarter. Captrust Financial Advisors now owns 7,834,234 shares of the company’s stock valued at $179,952,000 after acquiring an additional 369,831 shares in the last quarter. Royal Bank of Canada grew its position in Schwab 5-10 Year Corporate Bond ETF by 1.0% in the 1st quarter. Royal Bank of Canada now owns 1,097,916 shares of the company’s stock valued at $24,900,000 after purchasing an additional 11,129 shares during the period. Citadel Advisors LLC grew its position in Schwab 5-10 Year Corporate Bond ETF by 223.3% in the 2nd quarter. Citadel Advisors LLC now owns 1,008,679 shares of the company’s stock valued at $22,836,000 after purchasing an additional 696,650 shares during the period. L2 Asset Management LLC increased its stake in Schwab 5-10 Year Corporate Bond ETF by 0.5% during the 4th quarter. L2 Asset Management LLC now owns 654,632 shares of the company’s stock valued at $15,037,000 after purchasing an additional 3,539 shares in the last quarter. Finally, Charles Schwab Trust Co increased its stake in Schwab 5-10 Year Corporate Bond ETF by 1.8% during the 2nd quarter. Charles Schwab Trust Co now owns 520,480 shares of the company’s stock valued at $11,784,000 after purchasing an additional 9,136 shares in 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.