Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Shares Down 0.4% – Here’s What Happened

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) shares were down 0.4% on Friday . The company traded as low as $22.21 and last traded at $22.22. Approximately 954,987 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 914,996 shares. The stock had previously closed at $22.32.

Schwab 5-10 Year Corporate Bond ETF Stock Down 0.4 %

The stock’s fifty day simple moving average is $22.85 and its two-hundred day simple moving average is $22.39.

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

A number of institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC boosted its stake in Schwab 5-10 Year Corporate Bond ETF by 21.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,603 shares of the company’s stock worth $423,000 after purchasing an additional 1,688 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the first quarter worth approximately $7,761,000. Advisory Services Network LLC grew its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 8.8% during the first quarter. Advisory Services Network LLC now owns 81,738 shares of the company’s stock valued at $3,637,000 after buying an additional 6,612 shares during the last quarter. Valtinson Bruner Financial Planning LLC bought a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the second quarter valued at approximately $4,945,000. Finally, Envestnet Asset Management Inc. raised its holdings in Schwab 5-10 Year Corporate Bond ETF by 11.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,685,393 shares of the company’s stock worth $162,526,000 after acquiring an additional 387,815 shares during 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.