Envestnet Asset Management Inc. Purchases 3,772,782 Shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)

Envestnet Asset Management Inc. lifted its holdings in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) by 101.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,506,378 shares of the company’s stock after buying an additional 3,772,782 shares during the period. Envestnet Asset Management Inc. owned approximately 5.10% of Schwab 5-10 Year Corporate Bond ETF worth $165,666,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. RiverFront Investment Group LLC grew its stake in Schwab 5-10 Year Corporate Bond ETF by 95.9% in the 4th quarter. RiverFront Investment Group LLC now owns 8,158,176 shares of the company’s stock valued at $180,051,000 after purchasing an additional 3,993,956 shares during the period. Campbell Wealth Management grew its position in Schwab 5-10 Year Corporate Bond ETF by 156.7% during the fourth quarter. Campbell Wealth Management now owns 5,681,777 shares of the company’s stock valued at $125,397,000 after buying an additional 3,468,198 shares during the period. Raymond James Financial Inc. purchased a new stake in Schwab 5-10 Year Corporate Bond ETF during the fourth quarter worth about $52,702,000. Bouchey Financial Group Ltd raised its position in Schwab 5-10 Year Corporate Bond ETF by 161.3% in the fourth quarter. Bouchey Financial Group Ltd now owns 1,080,234 shares of the company’s stock worth $23,841,000 after acquiring an additional 666,785 shares during the period. Finally, San Luis Wealth Advisors LLC boosted its stake in Schwab 5-10 Year Corporate Bond ETF by 135.4% in the fourth quarter. San Luis Wealth Advisors LLC now owns 1,043,209 shares of the company’s stock valued at $23,024,000 after acquiring an additional 600,055 shares during the last quarter.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

Shares of SCHI stock opened at $22.46 on Monday. The company has a 50 day moving average of $22.32 and a 200-day moving average of $22.39. Schwab 5-10 Year Corporate Bond ETF has a 12-month low of $21.50 and a 12-month high of $23.21.

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.