Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Hits New 12-Month Low – Here’s What Happened

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHIGet Free Report)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $21.75 and last traded at $21.79, with a volume of 2258121 shares traded. The stock had previously closed at $21.81.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

The business’s 50-day moving average is $22.21 and its two-hundred day moving average is $22.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SCHI. Captrust Financial Advisors grew its position in shares of Schwab 5-10 Year Corporate Bond ETF by 5.0% in the fourth quarter. Captrust Financial Advisors now owns 7,834,234 shares of the company’s stock valued at $179,952,000 after purchasing an additional 369,831 shares in the last quarter. Royal Bank of Canada lifted its position in Schwab 5-10 Year Corporate Bond ETF by 1.0% during the first quarter. Royal Bank of Canada now owns 1,097,916 shares of the company’s stock worth $24,900,000 after buying an additional 11,129 shares in the last quarter. Citadel Advisors LLC boosted its stake in Schwab 5-10 Year Corporate Bond ETF by 223.3% during the second quarter. Citadel Advisors LLC now owns 1,008,679 shares of the company’s stock worth $22,836,000 after buying an additional 696,650 shares during the last quarter. L2 Asset Management LLC boosted its stake in Schwab 5-10 Year Corporate Bond ETF by 0.5% during the fourth quarter. L2 Asset Management LLC now owns 654,632 shares of the company’s stock worth $15,037,000 after buying an additional 3,539 shares during the last quarter. Finally, Charles Schwab Trust Co grew its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 1.8% in the second quarter. Charles Schwab Trust Co now owns 520,480 shares of the company’s stock valued at $11,784,000 after purchasing an additional 9,136 shares during the period.

About Schwab 5-10 Year Corporate Bond ETF

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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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