Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Reaches New 1-Year Low – Should You Sell?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHIGet Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $22.19 and last traded at $22.20, with a volume of 73925 shares trading hands. The stock had previously closed at $22.26.

Schwab 5-10 Year Corporate Bond ETF Trading Down 0.2%

The firm’s 50-day simple moving average is $22.50 and its two-hundred day simple moving average is $22.72.

Hedge Funds Weigh In On Schwab 5-10 Year Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors lifted its stake in Schwab 5-10 Year Corporate Bond ETF by 14.4% in the 2nd quarter. Captrust Financial Advisors now owns 7,243,804 shares of the company’s stock valued at $164,869,000 after buying an additional 913,432 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the third quarter worth $12,319,000. Systelligence LLC purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the first quarter valued at $6,004,000. Caitlin John LLC acquired a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the fourth quarter valued at $5,732,000. Finally, AssuredPartners Investment Advisors LLC acquired a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the fourth quarter valued at $4,720,000.

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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