Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Hits New 1-Year Low – What’s Next?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $21.98 and last traded at $21.9850, with a volume of 842852 shares trading hands. The stock had previously closed at $22.04.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

The stock’s fifty day simple moving average is $22.29 and its 200-day simple moving average is $22.56.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in Schwab 5-10 Year Corporate Bond ETF in the 4th quarter worth about $28,000. Root Financial Partners LLC lifted its position in shares of 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 buying an additional 660 shares in the last quarter. Triumph Capital Management bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the 3rd quarter worth approximately $41,000. Principia Wealth Advisory LLC boosted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 1,254.2% in the 4th quarter. Principia Wealth Advisory LLC now owns 1,923 shares of the company’s stock worth $44,000 after buying an additional 1,781 shares during the last quarter. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the 4th quarter worth approximately $44,000.

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.