Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sets New 12-Month Low – What’s Next?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $22.30 and last traded at $22.30, with a volume of 277400 shares trading hands. The stock had previously closed at $22.34.

Schwab 5-10 Year Corporate Bond ETF Price Performance

The firm has a 50 day moving average price of $22.52 and a 200-day moving average price of $22.75.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SCHI. Phillips Financial Management LLC purchased a new position in Schwab 5-10 Year Corporate Bond ETF during the 4th quarter worth approximately $28,000. Brown Brothers Harriman & Co. purchased a new stake in Schwab 5-10 Year Corporate Bond ETF in the fourth quarter valued at approximately $28,000. Root Financial Partners LLC lifted its stake in Schwab 5-10 Year Corporate Bond ETF by 110.6% in the fourth quarter. Root Financial Partners LLC now owns 1,257 shares of the company’s stock valued at $29,000 after buying an additional 660 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the third quarter valued at approximately $41,000. Finally, Principia Wealth Advisory LLC boosted its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 1,254.2% in the fourth quarter. Principia Wealth Advisory LLC now owns 1,923 shares of the company’s stock valued at $44,000 after acquiring an additional 1,781 shares during the period.

About Schwab 5-10 Year Corporate Bond ETF

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.