Cascades Capital Asset Management LLC Increases Stake in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)

Cascades Capital Asset Management LLC increased its position in shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) by 237.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,699 shares of the company’s stock after purchasing an additional 49,029 shares during the period. Schwab 5-10 Year Corporate Bond ETF makes up 0.8% of Cascades Capital Asset Management LLC’s portfolio, making the stock its 28th largest holding. Cascades Capital Asset Management LLC’s holdings in Schwab 5-10 Year Corporate Bond ETF were worth $1,538,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SCHI. Envestnet Asset Management Inc. raised its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 101.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,506,378 shares of the company’s stock valued at $165,666,000 after acquiring an additional 3,772,782 shares in the last quarter. OneAscent Financial Services LLC purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the 4th quarter worth approximately $458,000. National Bank of Canada FI purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the 4th quarter worth approximately $226,000. RiverFront Investment Group LLC boosted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 95.9% during the fourth quarter. RiverFront Investment Group LLC now owns 8,158,176 shares of the company’s stock valued at $180,051,000 after purchasing an additional 3,993,956 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its holdings in Schwab 5-10 Year Corporate Bond ETF by 68.7% during the fourth quarter. Orion Portfolio Solutions LLC now owns 33,923 shares of the company’s stock valued at $749,000 after buying an additional 13,819 shares during the period.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

Schwab 5-10 Year Corporate Bond ETF stock opened at $22.46 on Friday. Schwab 5-10 Year Corporate Bond ETF has a twelve month low of $21.50 and a twelve month high of $23.21. The business has a fifty day moving average of $22.32 and a two-hundred day moving average of $22.40.

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.