MFG Wealth Management Inc. Takes $3.02 Million Position in Schwab 5-10 Year Corporate Bond ETF $SCHI

MFG Wealth Management Inc. bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 130,712 shares of the company’s stock, valued at approximately $3,017,000. Schwab 5-10 Year Corporate Bond ETF accounts for approximately 2.3% of MFG Wealth Management Inc.’s holdings, making the stock its 9th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in SCHI. HighTower Advisors LLC raised its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 10.8% during the first quarter. HighTower Advisors LLC now owns 119,451 shares of the company’s stock valued at $2,683,000 after acquiring an additional 11,643 shares during the last quarter. CW Advisors LLC acquired a new stake in Schwab 5-10 Year Corporate Bond ETF in the first quarter valued at $466,000. Northwestern Mutual Wealth Management Co. increased its holdings in Schwab 5-10 Year Corporate Bond ETF by 148.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 21,479 shares of the company’s stock valued at $482,000 after purchasing an additional 12,847 shares during the period. Comerica Bank raised its position in Schwab 5-10 Year Corporate Bond ETF by 4.0% during the 1st quarter. Comerica Bank now owns 73,277 shares of the company’s stock worth $1,646,000 after purchasing an additional 2,831 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Schwab 5-10 Year Corporate Bond ETF by 22,184.5% during the 1st quarter. Jane Street Group LLC now owns 7,677,664 shares of the company’s stock worth $172,440,000 after buying an additional 7,643,211 shares during the period.

Schwab 5-10 Year Corporate Bond ETF Trading Up 0.3%

NYSEARCA SCHI opened at $23.07 on Friday. The business’s 50-day moving average price is $23.07 and its two-hundred day moving average price is $22.87. Schwab 5-10 Year Corporate Bond ETF has a 12 month low of $21.59 and a 12 month high of $23.28.

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.