Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sees Large Volume Increase

Shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) saw strong trading volume on Thursday . 228,794 shares changed hands during mid-day 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 business has a 50-day simple moving average of $45.42 and a two-hundred day simple moving average of $44.50.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Triad Wealth Partners LLC bought a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the 2nd quarter worth approximately $25,000. SYM FINANCIAL Corp acquired a new position in Schwab 5-10 Year Corporate Bond ETF during the second quarter worth $30,000. FSA Wealth Management LLC bought a new stake in Schwab 5-10 Year Corporate Bond ETF during the first quarter worth $43,000. Versant Capital Management Inc acquired a new stake in Schwab 5-10 Year Corporate Bond ETF in the second quarter valued at $44,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the 1st quarter valued at about $53,000.

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.