Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Stock Price Up 0.9% – Here’s Why

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) traded up 0.9% on Monday . The company traded as high as $22.50 and last traded at $22.49. 1,121,593 shares were traded during mid-day trading, an increase of 21% from the average session volume of 925,250 shares. The stock had previously closed at $22.30.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

The stock has a 50-day moving average price of $22.63 and a 200-day moving average price of $22.47.

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

Several large investors have recently bought and sold shares of SCHI. Sanctuary Advisors LLC grew its position in Schwab 5-10 Year Corporate Bond ETF by 223.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 72,115 shares of the company’s stock worth $3,329,000 after purchasing an additional 49,824 shares in the last quarter. Asset Allocation Strategies LLC bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the third quarter worth about $290,000. Orion Portfolio Solutions LLC boosted its holdings in Schwab 5-10 Year Corporate Bond ETF by 15.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 20,104 shares of the company’s stock valued at $928,000 after purchasing an additional 2,753 shares during the period. EP Wealth Advisors LLC grew its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 9.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 12,301 shares of the company’s stock worth $568,000 after purchasing an additional 1,101 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in Schwab 5-10 Year Corporate Bond ETF by 50.5% in the third quarter. Stifel Financial Corp now owns 148,390 shares of the company’s stock valued at $6,850,000 after acquiring an additional 49,786 shares during the period.

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.