Prairiewood Capital LLC Acquires 82,069 Shares of Schwab 5-10 Year Corporate Bond ETF $SCHI

Prairiewood Capital LLC raised its stake in shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) by 64.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 209,984 shares of the company’s stock after acquiring an additional 82,069 shares during the period. Schwab 5-10 Year Corporate Bond ETF makes up about 1.4% of Prairiewood Capital LLC’s holdings, making the stock its 19th largest holding. Prairiewood Capital LLC’s holdings in Schwab 5-10 Year Corporate Bond ETF were worth $4,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SCHI. Brown Brothers Harriman & Co. bought a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the fourth quarter valued at approximately $28,000. Phillips Financial Management LLC bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the fourth quarter worth $28,000. Root Financial Partners LLC boosted its position 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 worth $29,000 after acquiring an additional 660 shares during the last quarter. Triumph Capital Management purchased a new position in Schwab 5-10 Year Corporate Bond ETF during the third quarter valued at $41,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Schwab 5-10 Year Corporate Bond ETF during the fourth quarter valued at $44,000.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

Shares of NYSEARCA SCHI opened at $22.59 on Friday. The firm’s fifty day moving average is $22.64 and its two-hundred day moving average is $22.84. Schwab 5-10 Year Corporate Bond ETF has a 52-week low of $22.31 and a 52-week high of $23.28.

Schwab 5-10 Year Corporate Bond ETF 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.