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

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) shares saw unusually-strong trading volume on Thursday . Approximately 2,444,069 shares changed hands during mid-day trading, an increase of 163% from the previous session’s volume of 928,460 shares.The stock last traded at $22.56 and had previously closed at $22.57.

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

The business has a 50-day moving average of $22.57 and a 200-day moving average of $22.49.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. American National Bank & Trust raised its stake in Schwab 5-10 Year Corporate Bond ETF by 7.5% during the third quarter. American National Bank & Trust now owns 4,700 shares of the company’s stock worth $217,000 after acquiring an additional 327 shares in the last quarter. NorthCrest Asset Manangement LLC grew its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 1.4% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 29,243 shares of the company’s stock worth $1,290,000 after purchasing an additional 391 shares during the last quarter. Godsey & Gibb Inc. acquired a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the 3rd quarter worth about $25,000. Triad Wealth Partners LLC bought a new position in Schwab 5-10 Year Corporate Bond ETF during the 2nd quarter valued at about $25,000. Finally, Sequoia Financial Advisors LLC boosted its position in Schwab 5-10 Year Corporate Bond ETF by 6.0% in the third quarter. Sequoia Financial Advisors LLC now owns 10,178 shares of the company’s stock valued at $470,000 after buying an additional 575 shares in 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.