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

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI – Get Free Report)’s share price hit a new 52-week low on Wednesday. The company traded as low as $21.74 and last traded at $21.7450, with a volume of 386159 shares trading hands. The stock had previously closed at $21.90.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

The business’s 50 day simple moving average is $22.13 and its two-hundred day simple moving average is $22.45.

Hedge Funds Weigh In On Schwab 5-10 Year Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SCHI. Citadel Advisors LLC raised its position in shares of 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 worth $22,836,000 after acquiring an additional 696,650 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 5.0% during the 4th quarter. Captrust Financial Advisors now owns 7,834,234 shares of the company’s stock valued at $179,952,000 after purchasing an additional 369,831 shares in the last quarter. Systelligence LLC bought a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the 1st quarter valued at about $6,004,000. Prairiewood Capital LLC grew its stake 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 worth $4,762,000 after purchasing an additional 82,069 shares during the period. Finally, Entelevest LLC acquired a new stake in Schwab 5-10 Year Corporate Bond ETF during the fourth quarter worth approximately $1,761,000.

Schwab 5-10 Year Corporate Bond ETF Company Profile

(Get Free Report)

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.

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