Patten & Patten Inc. TN Invests $262,000 in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)

Patten & Patten Inc. TN bought a new position in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,891 shares of the company’s stock, valued at approximately $262,000.

Several other institutional investors have also recently made changes to their positions in SCHI. CVA Family Office LLC bought a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the 4th quarter worth $50,000. American National Bank grew its position in Schwab 5-10 Year Corporate Bond ETF by 359.6% during the fourth quarter. American National Bank now owns 1,126 shares of the company’s stock valued at $51,000 after buying an additional 881 shares during the period. Harbor Investment Advisory LLC bought a new position in Schwab 5-10 Year Corporate Bond ETF during the first quarter valued at about $53,000. UMB Bank n.a. bought a new position in Schwab 5-10 Year Corporate Bond ETF during the first quarter valued at about $116,000. Finally, Spire Wealth Management grew its position in Schwab 5-10 Year Corporate Bond ETF by 464.4% during the first quarter. Spire Wealth Management now owns 3,364 shares of the company’s stock valued at $150,000 after buying an additional 2,768 shares during the period.

Schwab 5-10 Year Corporate Bond ETF Price Performance

SCHI traded up $0.06 during trading on Tuesday, hitting $44.62. 25,450 shares of the company traded hands, compared to its average volume of 417,157. The stock’s fifty day moving average is $44.21 and its 200 day moving average is $44.15. Schwab 5-10 Year Corporate Bond ETF has a one year low of $40.94 and a one year high of $45.19.

Schwab 5-10 Year Corporate Bond ETF 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.