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

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) saw unusually-strong trading volume on Monday . Approximately 1,006,772 shares traded hands during mid-day trading, an increase of 135% from the previous session’s volume of 428,421 shares.The stock last traded at $43.74 and had previously closed at $44.10.

Schwab 5-10 Year Corporate Bond ETF Stock Up 0.5 %

The stock’s fifty day simple moving average is $43.94 and its 200 day simple moving average is $44.18.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCHI. FSA Wealth Management LLC purchased a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the 1st quarter valued at $43,000. CVA Family Office LLC acquired a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the fourth quarter worth $50,000. American National Bank raised its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 359.6% in the fourth quarter. American National Bank now owns 1,126 shares of the company’s stock valued at $51,000 after acquiring an additional 881 shares in the last quarter. Harbor Investment Advisory LLC acquired a new position in Schwab 5-10 Year Corporate Bond ETF during the 1st quarter worth $53,000. Finally, UMB Bank n.a. purchased a new stake in Schwab 5-10 Year Corporate Bond ETF during the 1st quarter worth about $116,000.

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.