Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sees Large Volume Increase – Still a Buy?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHIGet Free Report) shares saw an uptick in trading volume on Thursday . 7,488,928 shares traded hands during trading, an increase of 181% from the previous session’s volume of 2,662,797 shares.The stock last traded at $21.8550 and had previously closed at $21.99.

Schwab 5-10 Year Corporate Bond ETF Price Performance

The company’s 50 day moving average is $22.25 and its 200 day moving average is $22.54.

Institutional Investors Weigh In On Schwab 5-10 Year Corporate Bond ETF

Hedge funds have recently modified their holdings of the company. Brown Brothers Harriman & Co. bought 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 valued at $29,000 after purchasing an additional 660 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the third quarter valued at about $41,000. Principia Wealth Advisory LLC grew its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 1,254.2% during the fourth quarter. Principia Wealth Advisory LLC now owns 1,923 shares of the company’s stock worth $44,000 after purchasing an additional 1,781 shares during the last quarter. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the fourth quarter worth about $44,000.

Schwab 5-10 Year Corporate Bond ETF Company Profile

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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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