Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sets New 1-Year Low – Should You Sell?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) hit a new 52-week low during trading on Monday . The company traded as low as $22.31 and last traded at $22.32, with a volume of 2093277 shares trading hands. The stock had previously closed at $22.40.

Schwab 5-10 Year Corporate Bond ETF Stock Down 0.4%

The stock’s 50 day moving average price is $22.57 and its 200-day moving average price is $22.79.

Institutional Trading of Schwab 5-10 Year Corporate Bond ETF

A number of institutional investors have recently made changes to their positions in SCHI. Brown Brothers Harriman & Co. purchased a new stake in Schwab 5-10 Year Corporate Bond ETF during the 4th quarter valued at $28,000. Phillips Financial Management LLC purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the fourth quarter worth about $28,000. Root Financial Partners LLC grew its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 110.6% in the fourth quarter. Root Financial Partners LLC now owns 1,257 shares of the company’s stock worth $29,000 after purchasing an additional 660 shares during the last quarter. Triumph Capital Management bought a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the third quarter worth about $41,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Schwab 5-10 Year Corporate Bond ETF during the 4th quarter valued at about $44,000.

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.