Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sees Strong Trading Volume

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) shares saw unusually-strong trading volume on Thursday . Approximately 228,794 shares changed hands during trading, a decline of 50% from the previous session’s volume of 455,151 shares.The stock last traded at $46.17 and had previously closed at $46.17.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

The stock has a 50 day simple moving average of $45.36 and a 200 day simple moving average of $44.47.

Institutional Investors Weigh In On Schwab 5-10 Year Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the 2nd quarter valued at $966,000. RiverFront Investment Group LLC raised its position in 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 purchasing an additional 90,191 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 45.2% during the 2nd quarter. EP Wealth Advisors LLC now owns 11,200 shares of the company’s stock worth $494,000 after buying an additional 3,487 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 66.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 85,028 shares of the company’s stock worth $3,750,000 after purchasing an additional 33,873 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 57.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,389 shares of the company’s stock worth $282,000 after buying an additional 2,328 shares in the last quarter.

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.