Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sets New 52-Week Low – Time to Sell?

by · The Markets Daily

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

Schwab 5-10 Year Corporate Bond ETF Price Performance

The firm has a 50-day moving average of $22.50 and a two-hundred day moving average of $22.72.

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

A number of large investors have recently modified their holdings of SCHI. Phillips Financial Management LLC acquired a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the 4th quarter valued at about $28,000. Brown Brothers Harriman & Co. acquired a new stake in Schwab 5-10 Year Corporate Bond ETF during the 4th quarter worth approximately $28,000. Root Financial Partners LLC increased its position in 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 worth $29,000 after purchasing an additional 660 shares in the last quarter. Triumph Capital Management purchased a new position in Schwab 5-10 Year Corporate Bond ETF in the third quarter valued at approximately $41,000. Finally, Principia Wealth Advisory LLC raised its holdings in 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 buying an additional 1,781 shares during the period.

About Schwab 5-10 Year Corporate Bond ETF

(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.

Featured Stories