Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sees Strong Trading Volume – Here’s What Happened

by · The Markets Daily

Shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI – Get Free Report) saw an uptick in trading volume on Thursday . 7,488,928 shares traded hands during trading, an increase of 181% from the previous session’s volume of 2,662,797 shares.The stock last traded at $21.8550 and had previously closed at $21.99.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

The business’s 50-day moving average price is $22.28 and its 200-day moving average price is $22.55.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. purchased a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the 4th quarter valued at about $28,000. Root Financial Partners LLC raised its stake 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 acquiring an additional 660 shares during the period. Triumph Capital Management purchased a new position in Schwab 5-10 Year Corporate Bond ETF during the third quarter valued at approximately $41,000. Principia Wealth Advisory LLC lifted its holdings in Schwab 5-10 Year Corporate Bond ETF by 1,254.2% during the fourth 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 in the last quarter. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the fourth quarter worth approximately $44,000.

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.

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