Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Shares Up 0.9% – What’s Next?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) shares shot up 0.9% on Monday . The company traded as high as $22.50 and last traded at $22.49. 1,121,593 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 925,250 shares. The stock had previously closed at $22.30.

Schwab 5-10 Year Corporate Bond ETF Stock Up 0.9 %

The stock’s fifty day simple moving average is $22.65 and its two-hundred day simple moving average is $22.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. RiverFront Investment Group LLC lifted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 2.3% in the second quarter. RiverFront Investment Group LLC now owns 3,954,083 shares of the company’s stock worth $174,375,000 after buying an additional 90,191 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 11.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,685,393 shares of the company’s stock worth $162,526,000 after buying an additional 387,815 shares in the last quarter. Campbell Wealth Management bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the third quarter worth approximately $102,179,000. Raymond James & Associates lifted its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 14.4% in the third quarter. Raymond James & Associates now owns 1,123,215 shares of the company’s stock worth $51,848,000 after buying an additional 141,270 shares in the last quarter. Finally, WT Wealth Management bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the third quarter worth approximately $20,588,000.

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.