Systelligence LLC Makes New $6 Million Investment in Schwab 5-10 Year Corporate Bond ETF $SCHI

Systelligence LLC purchased a new position in shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 264,716 shares of the company’s stock, valued at approximately $6,004,000.

A number of other hedge funds have also recently modified their holdings of the business. Avior Wealth Management LLC increased its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 0.7% in the 4th quarter. Avior Wealth Management LLC now owns 74,546 shares of the company’s stock worth $1,712,000 after purchasing an additional 527 shares in the last quarter. PFG Investments LLC raised its holdings in Schwab 5-10 Year Corporate Bond ETF by 5.6% in the 4th quarter. PFG Investments LLC now owns 10,110 shares of the company’s stock worth $232,000 after purchasing an additional 535 shares during the period. Brookstone Capital Management lifted its position in Schwab 5-10 Year Corporate Bond ETF by 2.5% during the fourth quarter. Brookstone Capital Management now owns 22,185 shares of the company’s stock valued at $510,000 after purchasing an additional 537 shares in the last quarter. Root Financial Partners LLC lifted its position in Schwab 5-10 Year Corporate Bond ETF by 110.6% during the fourth quarter. Root Financial Partners LLC now owns 1,257 shares of the company’s stock valued at $29,000 after purchasing an additional 660 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Schwab 5-10 Year Corporate Bond ETF by 5.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,292 shares of the company’s stock valued at $305,000 after purchasing an additional 726 shares during the period.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

Shares of SCHI opened at $22.71 on Friday. The business has a 50-day simple moving average of $22.62 and a two-hundred day simple moving average of $22.82. Schwab 5-10 Year Corporate Bond ETF has a 52 week low of $22.31 and a 52 week high of $23.28.

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.