Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Shares Up 0.9% – What’s Next?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)’s share price shot up 0.9% on Monday . The stock traded as high as $22.50 and last traded at $22.49. 1,121,593 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 925,250 shares. The stock had previously closed at $22.30.

Schwab 5-10 Year Corporate Bond ETF Price Performance

The firm’s 50 day simple moving average is $22.65 and its two-hundred day simple moving average is $22.47.

Institutional Trading of Schwab 5-10 Year Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC increased its position in shares of Schwab 5-10 Year Corporate Bond ETF by 223.5% in the third quarter. Sanctuary Advisors LLC now owns 72,115 shares of the company’s stock valued at $3,329,000 after acquiring an additional 49,824 shares during the period. Asset Allocation Strategies LLC purchased a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the third quarter valued at about $290,000. Orion Portfolio Solutions LLC increased its position in shares of Schwab 5-10 Year Corporate Bond ETF by 15.9% in the third quarter. Orion Portfolio Solutions LLC now owns 20,104 shares of the company’s stock valued at $928,000 after acquiring an additional 2,753 shares during the period. EP Wealth Advisors LLC increased its position in shares of Schwab 5-10 Year Corporate Bond ETF by 9.8% in the third quarter. EP Wealth Advisors LLC now owns 12,301 shares of the company’s stock valued at $568,000 after acquiring an additional 1,101 shares during the period. Finally, Stifel Financial Corp increased its position in shares of Schwab 5-10 Year Corporate Bond ETF by 50.5% in the third quarter. Stifel Financial Corp now owns 148,390 shares of the company’s stock valued at $6,850,000 after acquiring an additional 49,786 shares during the period.

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.