Charles Schwab Trust Co Buys 196,924 Shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)

Charles Schwab Trust Co grew its stake in shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) by 80.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 442,304 shares of the company’s stock after acquiring an additional 196,924 shares during the period. Schwab 5-10 Year Corporate Bond ETF accounts for about 0.8% of Charles Schwab Trust Co’s investment portfolio, making the stock its 26th biggest holding. Charles Schwab Trust Co’s holdings in Schwab 5-10 Year Corporate Bond ETF were worth $9,762,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Koshinski Asset Management Inc. lifted its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 16.4% in the 4th quarter. Koshinski Asset Management Inc. now owns 30,172 shares of the company’s stock worth $666,000 after buying an additional 4,242 shares during the period. Prairiewood Capital LLC lifted its stake in Schwab 5-10 Year Corporate Bond ETF by 189.7% in the fourth quarter. Prairiewood Capital LLC now owns 69,193 shares of the company’s stock worth $1,527,000 after acquiring an additional 45,312 shares during the period. Harbor Investment Advisory LLC increased its position in Schwab 5-10 Year Corporate Bond ETF by 100.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,386 shares of the company’s stock valued at $53,000 after purchasing an additional 1,193 shares during the period. Client 1ST Advisory Group LLC purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the 4th quarter worth approximately $286,000. Finally, Joule Financial LLC boosted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 100.0% during the fourth quarter. Joule Financial LLC now owns 25,582 shares of the company’s stock valued at $565,000 after purchasing an additional 12,791 shares in the last quarter.

Schwab 5-10 Year Corporate Bond ETF Price Performance

Shares of NYSEARCA:SCHI opened at $22.07 on Tuesday. The firm has a 50 day moving average of $22.24 and a 200 day moving average of $22.52. Schwab 5-10 Year Corporate Bond ETF has a 52 week low of $21.50 and a 52 week high of $23.21.

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.