Empirical Financial Services LLC d.b.a. Empirical Wealth Management Invests $618,000 in Schwab 5-10 Year Corporate Bond ETF $SCHI

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 26,784 shares of the company’s stock, valued at approximately $618,000.

Several other large investors have also added to or reduced their stakes in SCHI. PNC Financial Services Group Inc. increased its holdings in Schwab 5-10 Year Corporate Bond ETF by 282.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,549 shares of the company’s stock worth $105,000 after purchasing an additional 3,361 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 5.8% during the third quarter. HighTower Advisors LLC now owns 128,318 shares of the company’s stock valued at $2,962,000 after buying an additional 7,075 shares during the last quarter. Beacon Bridge Wealth Partners LLC grew its holdings in Schwab 5-10 Year Corporate Bond ETF by 5.0% during the third quarter. Beacon Bridge Wealth Partners LLC now owns 126,702 shares of the company’s stock worth $2,924,000 after buying an additional 6,046 shares in the last quarter. Gunma Bank Ltd. raised its position in Schwab 5-10 Year Corporate Bond ETF by 25.9% in the 3rd quarter. Gunma Bank Ltd. now owns 730,000 shares of the company’s stock valued at $16,848,000 after buying an additional 150,000 shares during the last quarter. Finally, MCF Advisors LLC lifted its stake in Schwab 5-10 Year Corporate Bond ETF by 93.4% during the 3rd quarter. MCF Advisors LLC now owns 2,623 shares of the company’s stock valued at $61,000 after acquiring an additional 1,267 shares in the last quarter.

Schwab 5-10 Year Corporate Bond ETF Stock Up 0.2%

SCHI opened at $23.22 on Tuesday. Schwab 5-10 Year Corporate Bond ETF has a 1 year low of $21.59 and a 1 year high of $23.28. The firm’s fifty day moving average price is $23.02 and its two-hundred day moving average price is $23.02.

Schwab 5-10 Year Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were given a $0.1014 dividend. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from Schwab 5-10 Year Corporate Bond ETF’s previous monthly dividend of $0.09.

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.