Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Hits New 52-Week Low – Should You Sell?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $22.06 and last traded at $22.08, with a volume of 49330 shares traded. The stock had previously closed at $22.20.

Schwab 5-10 Year Corporate Bond ETF Stock Down 0.5%

The stock has a 50 day simple moving average of $22.36 and a two-hundred day simple moving average of $22.61.

Hedge Funds Weigh In On Schwab 5-10 Year Corporate Bond ETF

A number of institutional investors have recently modified their holdings of SCHI. Brown Brothers Harriman & Co. acquired a new stake in Schwab 5-10 Year Corporate Bond ETF during the 4th quarter worth $28,000. Root Financial Partners LLC boosted its stake in shares of 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 worth $29,000 after buying an additional 660 shares during the period. Triumph Capital Management purchased a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the third quarter worth about $41,000. Principia Wealth Advisory LLC increased its position in Schwab 5-10 Year Corporate Bond ETF by 1,254.2% in the 4th quarter. Principia Wealth Advisory LLC now owns 1,923 shares of the company’s stock valued at $44,000 after acquiring an additional 1,781 shares during the period. Finally, Vermillion Wealth Management Inc. acquired a new position in Schwab 5-10 Year Corporate Bond ETF in the 4th quarter valued at about $44,000.

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.