LPL Financial LLC Has $7.07 Million Stake in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)

LPL Financial LLC lifted its position in shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) by 31.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,553 shares of the company’s stock after purchasing an additional 75,466 shares during the quarter. LPL Financial LLC owned 0.09% of Schwab 5-10 Year Corporate Bond ETF worth $7,065,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SCHI. JPMorgan Chase & Co. raised its position in shares of Schwab 5-10 Year Corporate Bond ETF by 77.3% during the fourth quarter. JPMorgan Chase & Co. now owns 260,936 shares of the company’s stock worth $5,759,000 after purchasing an additional 113,728 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the fourth quarter worth approximately $52,702,000. Rockefeller Capital Management L.P. acquired a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the fourth quarter worth approximately $332,000. Advisors Capital Management LLC raised its position in shares of Schwab 5-10 Year Corporate Bond ETF by 110.9% during the fourth quarter. Advisors Capital Management LLC now owns 59,915 shares of the company’s stock worth $1,322,000 after purchasing an additional 31,507 shares during the period. Finally, Mariner LLC raised its position in shares of Schwab 5-10 Year Corporate Bond ETF by 119.9% during the fourth quarter. Mariner LLC now owns 182,462 shares of the company’s stock worth $4,027,000 after purchasing an additional 99,488 shares during the period.

Schwab 5-10 Year Corporate Bond ETF Trading Down 0.2%

Shares of Schwab 5-10 Year Corporate Bond ETF stock opened at $22.75 on Monday. The stock has a fifty day simple moving average of $22.57 and a 200 day simple moving average of $22.37. Schwab 5-10 Year Corporate Bond ETF has a 12-month low of $21.59 and a 12-month high of $23.21.

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.