Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Stock Price Breaks Above 50-Day Moving Average – Here’s Why

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $21.73 and traded as high as $21.84. Schwab 5-10 Year Corporate Bond ETF shares last traded at $21.81, with a volume of 2,129,143 shares.

Schwab 5-10 Year Corporate Bond ETF Trading Up 0.6%

The firm’s 50-day moving average price is $21.73 and its two-hundred day moving average price is $22.43.

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

A number of institutional investors have recently bought and sold shares of SCHI. Envestnet Asset Management Inc. grew its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 0.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,236,543 shares of the company’s stock valued at $163,835,000 after buying an additional 28,374 shares during the period. Royal Bank of Canada raised its position in shares of Schwab 5-10 Year Corporate Bond ETF by 1.0% during the 1st quarter. Royal Bank of Canada now owns 1,097,916 shares of the company’s stock valued at $24,900,000 after buying an additional 11,129 shares during the period. Citadel Advisors LLC raised its position in shares of Schwab 5-10 Year Corporate Bond ETF by 223.3% during the 2nd quarter. Citadel Advisors LLC now owns 1,008,679 shares of the company’s stock valued at $22,836,000 after buying an additional 696,650 shares during the period. WestHill Financial Advisors Inc. raised its position in shares of Schwab 5-10 Year Corporate Bond ETF by 15.7% during the 3rd quarter. WestHill Financial Advisors Inc. now owns 754,694 shares of the company’s stock valued at $16,181,000 after buying an additional 102,666 shares during the period. Finally, Charles Schwab Trust Co lifted its holdings in Schwab 5-10 Year Corporate Bond ETF by 1.8% in the second quarter. Charles Schwab Trust Co now owns 520,480 shares of the company’s stock valued at $11,784,000 after acquiring an additional 9,136 shares during 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.