Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Reaches New 1-Year Low – Here’s Why

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) shares reached a new 52-week low on Wednesday . The stock traded as low as $21.98 and last traded at $21.9850, with a volume of 842852 shares traded. The stock had previously closed at $22.04.

Schwab 5-10 Year Corporate Bond ETF Stock Down 0.8%

The stock has a 50 day simple moving average of $22.26 and a 200 day simple moving average of $22.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new position in Schwab 5-10 Year Corporate Bond ETF during the 2nd quarter worth $105,000. IFP Advisors Inc lifted its stake in Schwab 5-10 Year Corporate Bond ETF by 44.3% in the second quarter. IFP Advisors Inc now owns 30,987 shares of the company’s stock valued at $702,000 after buying an additional 9,512 shares during the last quarter. Citadel Advisors LLC lifted its stake in Schwab 5-10 Year Corporate Bond ETF by 223.3% in 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. Ameritas Advisory Services LLC acquired a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the second quarter valued at $301,000. Finally, Compass Financial Management LLC acquired a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the second quarter valued at $397,000.

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.