Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sets New 1-Year High – Time to Buy?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $23.30 and last traded at $23.1450, with a volume of 16304 shares traded. The stock had previously closed at $23.16.

Schwab 5-10 Year Corporate Bond ETF Price Performance

The business’s 50-day moving average price is $23.01 and its two-hundred day moving average price is $23.01.

Schwab 5-10 Year Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were given a dividend of $0.1014 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Monday, February 2nd. This is a positive change from Schwab 5-10 Year Corporate Bond ETF’s previous monthly dividend of $0.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors lifted its stake in Schwab 5-10 Year Corporate Bond ETF by 14.4% during the second quarter. Captrust Financial Advisors now owns 7,243,804 shares of the company’s stock worth $164,869,000 after purchasing an additional 913,432 shares during the last quarter. Financial Engines Advisors L.L.C. acquired a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the 3rd quarter worth $12,319,000. Blair William & Co. IL lifted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 161.9% during the 3rd quarter. Blair William & Co. IL now owns 353,955 shares of the company’s stock worth $8,169,000 after buying an additional 218,781 shares during the last quarter. AssuredPartners Investment Advisors LLC acquired a new stake in Schwab 5-10 Year Corporate Bond ETF in the fourth quarter valued at about $4,720,000. Finally, AlphaStar Capital Management LLC acquired a new stake in Schwab 5-10 Year Corporate Bond ETF in the second quarter valued at about $4,637,000.

About Schwab 5-10 Year Corporate Bond ETF

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.