Money Concepts Capital Corp Acquires 40,736 Shares of Schwab 5-10 Year Corporate Bond ETF $SCHI

Money Concepts Capital Corp acquired a new position in shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) during the third quarter, HoldingsChannel reports. The firm acquired 40,736 shares of the company’s stock, valued at approximately $873,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its position in Schwab 5-10 Year Corporate Bond ETF by 0.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,236,543 shares of the company’s stock valued at $163,835,000 after acquiring an additional 28,374 shares in the last quarter. Royal Bank of Canada boosted its stake in Schwab 5-10 Year Corporate Bond ETF by 1.0% in the 1st quarter. Royal Bank of Canada now owns 1,097,916 shares of the company’s stock worth $24,900,000 after purchasing an additional 11,129 shares during the period. Citadel Advisors LLC boosted its stake in Schwab 5-10 Year Corporate Bond ETF by 223.3% in the 2nd quarter. Citadel Advisors LLC now owns 1,008,679 shares of the company’s stock worth $22,836,000 after purchasing an additional 696,650 shares during the period. WestHill Financial Advisors Inc. increased its holdings in Schwab 5-10 Year Corporate Bond ETF by 15.7% during the 3rd quarter. WestHill Financial Advisors Inc. now owns 754,694 shares of the company’s stock worth $16,181,000 after purchasing an additional 102,666 shares in the last quarter. Finally, Charles Schwab Trust Co increased its holdings in Schwab 5-10 Year Corporate Bond ETF by 1.8% during the 2nd quarter. Charles Schwab Trust Co now owns 520,480 shares of the company’s stock worth $11,784,000 after purchasing an additional 9,136 shares in the last quarter.

Schwab 5-10 Year Corporate Bond ETF Price Performance

SCHI stock traded down $0.04 during trading hours on Friday, reaching $21.53. 1,723,610 shares of the stock were exchanged, compared to its average volume of 2,802,378. The firm’s 50-day moving average is $21.67 and its 200-day moving average is $22.38. Schwab 5-10 Year Corporate Bond ETF has a 12 month low of $21.24 and a 12 month high of $23.26.

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.