Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sees Unusually-High Trading Volume – Time to Buy?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) saw unusually-strong trading volume on Tuesday . Approximately 38,650,127 shares changed hands during trading, an increase of 1,237% from the previous session’s volume of 2,890,383 shares.The stock last traded at $22.60 and had previously closed at $22.67.

Schwab 5-10 Year Corporate Bond ETF Stock Down 0.1%

The business’s fifty day moving average is $22.73 and its 200 day moving average is $22.93.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SCHI. RMG Wealth Management LLC purchased a new stake in Schwab 5-10 Year Corporate Bond ETF in the 1st quarter worth about $116,000. Cetera Investment Advisers increased its holdings in Schwab 5-10 Year Corporate Bond ETF by 9.5% in the 1st quarter. Cetera Investment Advisers now owns 282,903 shares of the company’s stock worth $6,416,000 after acquiring an additional 24,575 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in Schwab 5-10 Year Corporate Bond ETF in the 1st quarter worth about $84,000. Van Strum & Towne Inc. increased its holdings in Schwab 5-10 Year Corporate Bond ETF by 2.6% in the 1st quarter. Van Strum & Towne Inc. now owns 508,475 shares of the company’s stock worth $11,532,000 after acquiring an additional 13,122 shares during the last quarter. Finally, Spartan Wealth Advisory Services LLC purchased a new stake in Schwab 5-10 Year Corporate Bond ETF in the 1st quarter worth about $361,000.

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.