Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Trading 0.9% Higher – Still a Buy?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) shares 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 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 Trading Up 0.4 %

The firm’s fifty day moving average price is $22.63 and its two-hundred day moving average price is $22.47.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SCHI. RiverFront Investment Group LLC raised its position in Schwab 5-10 Year Corporate Bond ETF by 2.3% in the 2nd quarter. RiverFront Investment Group LLC now owns 3,954,083 shares of the company’s stock worth $174,375,000 after purchasing an additional 90,191 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 11.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,685,393 shares of the company’s stock worth $162,526,000 after acquiring an additional 387,815 shares during the period. Campbell Wealth Management purchased a new position in Schwab 5-10 Year Corporate Bond ETF during the third quarter valued at $102,179,000. Raymond James & Associates raised its holdings in Schwab 5-10 Year Corporate Bond ETF by 14.4% during the third quarter. Raymond James & Associates now owns 1,123,215 shares of the company’s stock valued at $51,848,000 after acquiring an additional 141,270 shares during the period. Finally, WT Wealth Management purchased a new stake in Schwab 5-10 Year Corporate Bond ETF in the 3rd quarter worth $20,588,000.

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.