Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Shares Gap Down – Here’s What Happened

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) gapped down before the market opened on Friday . The stock had previously closed at $45.43, but opened at $22.96. Schwab 5-10 Year Corporate Bond ETF shares last traded at $22.72, with a volume of 38,653 shares changing hands.

Schwab 5-10 Year Corporate Bond ETF Trading Up 0.1 %

The company has a fifty day moving average price of $45.31 and a 200 day moving average price of $44.50.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SCHI. EP Wealth Advisors LLC increased its position in shares of Schwab 5-10 Year Corporate Bond ETF by 99.1% during the fourth quarter. EP Wealth Advisors LLC now owns 5,956 shares of the company’s stock worth $268,000 after acquiring an additional 2,964 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 6.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 54,526 shares of the company’s stock worth $2,450,000 after purchasing an additional 3,371 shares during the last quarter. Clearview Wealth Advisors LLC lifted its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 30.6% in the first quarter. Clearview Wealth Advisors LLC now owns 11,040 shares of the company’s stock valued at $491,000 after purchasing an additional 2,584 shares in the last quarter. Bank of New Hampshire boosted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 261.0% during the first quarter. Bank of New Hampshire now owns 40,801 shares of the company’s stock valued at $1,815,000 after buying an additional 29,499 shares during the last quarter. Finally, American National Bank grew its holdings in Schwab 5-10 Year Corporate Bond ETF by 279.0% during the first quarter. American National Bank now owns 4,268 shares of the company’s stock worth $190,000 after buying an additional 3,142 shares in the last quarter.

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.