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:SCHI)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $21.98 and last traded at $21.9850, with a volume of 842852 shares trading hands. The stock had previously closed at $22.04.

Schwab 5-10 Year Corporate Bond ETF Stock Down 0.1%

The firm has a fifty day simple moving average of $22.29 and a 200-day simple moving average of $22.56.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Captrust Financial Advisors lifted its position 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 acquiring an additional 913,432 shares in the last quarter. Citadel Advisors LLC increased its holdings in Schwab 5-10 Year Corporate Bond ETF by 223.3% during the 2nd quarter. Citadel Advisors LLC now owns 1,008,679 shares of the company’s stock worth $22,836,000 after purchasing an additional 696,650 shares in the last quarter. Financial Engines Advisors L.L.C. bought a new stake in Schwab 5-10 Year Corporate Bond ETF during the 3rd quarter worth approximately $12,319,000. Systelligence LLC purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the first quarter worth approximately $6,004,000. Finally, Caitlin John LLC bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the fourth quarter valued at approximately $5,732,000.

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.