Brookstone Capital Management Purchases New Stake in Schwab 5-10 Year Corporate Bond ETF $SCHI

Brookstone Capital Management bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,085 shares of the company’s stock, valued at approximately $434,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in Schwab 5-10 Year Corporate Bond ETF by 6.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 32,081 shares of the company’s stock worth $721,000 after buying an additional 1,918 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Schwab 5-10 Year Corporate Bond ETF by 24.4% during the first quarter. Sequoia Financial Advisors LLC now owns 21,470 shares of the company’s stock worth $482,000 after buying an additional 4,210 shares during the last quarter. IFP Advisors Inc boosted its holdings in Schwab 5-10 Year Corporate Bond ETF by 114.5% during the first quarter. IFP Advisors Inc now owns 7,127 shares of the company’s stock worth $160,000 after buying an additional 3,804 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in Schwab 5-10 Year Corporate Bond ETF by 46.5% during the first quarter. EP Wealth Advisors LLC now owns 7,207 shares of the company’s stock worth $162,000 after buying an additional 2,288 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Schwab 5-10 Year Corporate Bond ETF during the first quarter worth about $288,000.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

Shares of SCHI opened at $23.27 on Tuesday. Schwab 5-10 Year Corporate Bond ETF has a 1 year low of $21.59 and a 1 year high of $23.27. The stock’s 50-day moving average price is $23.05 and its two-hundred day moving average price is $22.66.

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.