Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sets New 12-Month High – Still a Buy?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $23.30 and last traded at $23.1450, with a volume of 16304 shares trading hands. The stock had previously closed at $23.16.

Schwab 5-10 Year Corporate Bond ETF Stock Up 0.0%

The company has a 50 day moving average price of $23.02 and a two-hundred day moving average price of $23.02.

Schwab 5-10 Year Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were issued a $0.1014 dividend. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date was Monday, February 2nd. This is a positive change from Schwab 5-10 Year Corporate Bond ETF’s previous monthly dividend of $0.09.

Institutional Trading of Schwab 5-10 Year Corporate Bond ETF

A number of institutional investors have recently made changes to their positions in SCHI. Creative Planning increased its holdings in Schwab 5-10 Year Corporate Bond ETF by 8.6% in the 2nd quarter. Creative Planning now owns 77,651 shares of the company’s stock worth $1,767,000 after acquiring an additional 6,154 shares in the last quarter. Flow Traders U.S. LLC boosted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 1,039.8% in the second quarter. Flow Traders U.S. LLC now owns 165,144 shares of the company’s stock worth $3,759,000 after purchasing an additional 150,655 shares during the period. Madden Advisory Services Inc. boosted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 44.9% in the third quarter. Madden Advisory Services Inc. now owns 204,314 shares of the company’s stock worth $4,716,000 after purchasing an additional 63,274 shares during the period. Bank of New Hampshire increased its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 27.2% in the third quarter. Bank of New Hampshire now owns 173,258 shares of the company’s stock worth $3,999,000 after purchasing an additional 37,086 shares in the last quarter. Finally, Kovack Advisors Inc. bought a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the 2nd quarter valued at $201,000.

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.