Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHIGet Free Report) saw unusually-strong trading volume on Monday . Approximately 1,955,196 shares traded hands during trading, an increase of 111% from the previous session’s volume of 927,876 shares.The stock last traded at $22.38 and had previously closed at $22.37.

Schwab 5-10 Year Corporate Bond ETF Trading Up 0.0 %

The stock has a 50-day moving average price of $22.50 and a two-hundred day moving average price of $22.53.

Hedge Funds Weigh In On Schwab 5-10 Year Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in SCHI. American National Bank & Trust boosted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 7.5% during the 3rd quarter. American National Bank & Trust now owns 4,700 shares of the company’s stock valued at $217,000 after acquiring an additional 327 shares during the last quarter. Godsey & Gibb Inc. purchased a new stake in Schwab 5-10 Year Corporate Bond ETF during the third quarter valued at $25,000. Sequoia Financial Advisors LLC lifted its position in Schwab 5-10 Year Corporate Bond ETF by 6.0% during the third quarter. Sequoia Financial Advisors LLC now owns 10,178 shares of the company’s stock valued at $470,000 after purchasing an additional 575 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the 3rd quarter worth $29,000. Finally, Archer Investment Corp bought a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the 3rd quarter worth about $29,000.

Schwab 5-10 Year Corporate Bond ETF Company Profile

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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.

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