Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Reaches New 1-Year Low – Here’s Why

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) shares hit a new 52-week low on Monday . The stock traded as low as $22.19 and last traded at $22.20, with a volume of 73925 shares traded. The stock had previously closed at $22.26.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

The stock has a 50 day simple moving average of $22.49 and a two-hundred day simple moving average of $22.71.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SCHI. Phillips Financial Management LLC purchased a new stake in Schwab 5-10 Year Corporate Bond ETF in the 4th quarter worth approximately $28,000. Brown Brothers Harriman & Co. purchased a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the 4th quarter valued at approximately $28,000. Root Financial Partners LLC increased its holdings in shares of 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 valued at $29,000 after purchasing an additional 660 shares in the last quarter. Triumph Capital Management acquired a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the 3rd quarter valued at $41,000. Finally, Principia Wealth Advisory LLC lifted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 1,254.2% in the 4th quarter. Principia Wealth Advisory LLC now owns 1,923 shares of the company’s stock valued at $44,000 after purchasing an additional 1,781 shares during the period.

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.