Kaizen Financial Strategies Raises Stock Position in Schwab 5-10 Year Corporate Bond ETF $SCHI

Kaizen Financial Strategies boosted its stake in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHIFree Report) by 6.9% in the third quarter, HoldingsChannel.com reports. The firm owned 335,016 shares of the company’s stock after buying an additional 21,712 shares during the period. Schwab 5-10 Year Corporate Bond ETF accounts for about 3.5% of Kaizen Financial Strategies’ investment portfolio, making the stock its 7th largest holding. Kaizen Financial Strategies’ holdings in Schwab 5-10 Year Corporate Bond ETF were worth $7,699,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SCHI. Steigerwald Gordon & Koch Inc. acquired a new position in Schwab 5-10 Year Corporate Bond ETF during the 3rd quarter worth about $28,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the third quarter valued at about $33,000. Hantz Financial Services Inc. bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the second quarter worth about $36,000. Bank of Montreal Can lifted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 78.4% in the second quarter. Bank of Montreal Can now owns 1,570 shares of the company’s stock worth $36,000 after acquiring an additional 690 shares during the period. Finally, Godsey & Gibb Inc. lifted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 53.8% in the third quarter. Godsey & Gibb Inc. now owns 1,633 shares of the company’s stock worth $38,000 after acquiring an additional 571 shares during the period.

Schwab 5-10 Year Corporate Bond ETF Trading Up 0.1%

Shares of SCHI stock opened at $23.22 on Friday. The business’s 50 day simple moving average is $23.03 and its 200 day simple moving average is $23.03. Schwab 5-10 Year Corporate Bond ETF has a one year low of $21.59 and a one year high of $23.28.

Schwab 5-10 Year Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were paid a $0.1014 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. This is an increase from Schwab 5-10 Year Corporate Bond ETF’s previous monthly dividend of $0.09.

About Schwab 5-10 Year Corporate Bond ETF

(Free Report)

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.

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Institutional Ownership by Quarter for Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)

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