RiverFront Investment Group LLC Buys 3,993,956 Shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)

RiverFront Investment Group LLC grew its holdings in shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) by 95.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,158,176 shares of the company’s stock after acquiring an additional 3,993,956 shares during the period. Schwab 5-10 Year Corporate Bond ETF comprises about 4.1% of RiverFront Investment Group LLC’s investment portfolio, making the stock its 4th biggest holding. RiverFront Investment Group LLC owned approximately 5.54% of Schwab 5-10 Year Corporate Bond ETF worth $180,051,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Elevation Wealth Partners LLC boosted its stake in Schwab 5-10 Year Corporate Bond ETF by 100.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 1,116 shares of the company’s stock valued at $25,000 after acquiring an additional 558 shares during the period. Archer Investment Corp boosted its stake in Schwab 5-10 Year Corporate Bond ETF by 100.0% during the fourth quarter. Archer Investment Corp now owns 1,268 shares of the company’s stock valued at $28,000 after buying an additional 634 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF in the third quarter valued at $29,000. MCF Advisors LLC raised its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 100.0% during the fourth quarter. MCF Advisors LLC now owns 1,356 shares of the company’s stock valued at $30,000 after acquiring an additional 678 shares during the period. Finally, SYM FINANCIAL Corp increased its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 100.0% in the 4th quarter. SYM FINANCIAL Corp now owns 1,380 shares of the company’s stock valued at $30,000 after purchasing an additional 690 shares during the period.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

Shares of SCHI opened at $22.42 on Friday. The company’s fifty day moving average is $22.29 and its 200-day moving average is $22.42. Schwab 5-10 Year Corporate Bond ETF has a 12 month low of $21.50 and a 12 month high of $23.21.

Schwab 5-10 Year Corporate Bond ETF 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.