Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Reaches New 52-Week Low – Here’s Why

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $21.74 and last traded at $21.7450, with a volume of 386159 shares changing hands. The stock had previously closed at $21.90.

Schwab 5-10 Year Corporate Bond ETF Trading Down 1.1%

The firm’s 50-day moving average price is $22.17 and its 200 day moving average price is $22.47.

Institutional Trading of Schwab 5-10 Year Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 5.0% in the fourth quarter. Captrust Financial Advisors now owns 7,834,234 shares of the company’s stock worth $179,952,000 after purchasing an additional 369,831 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 1.0% in the first quarter. Royal Bank of Canada now owns 1,097,916 shares of the company’s stock valued at $24,900,000 after purchasing an additional 11,129 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 223.3% during the second quarter. Citadel Advisors LLC now owns 1,008,679 shares of the company’s stock valued at $22,836,000 after buying an additional 696,650 shares during the last quarter. L2 Asset Management LLC boosted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 0.5% during the fourth quarter. L2 Asset Management LLC now owns 654,632 shares of the company’s stock valued at $15,037,000 after buying an additional 3,539 shares during the last quarter. Finally, Charles Schwab Trust Co grew its holdings in Schwab 5-10 Year Corporate Bond ETF by 1.8% during the second quarter. Charles Schwab Trust Co now owns 520,480 shares of the company’s stock worth $11,784,000 after buying an additional 9,136 shares in the last quarter.

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.