Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Sees Large Volume Increase – Here’s Why

Shares of Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHIGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 38,650,127 shares were traded during mid-day trading, an increase of 1,237% from the previous session’s volume of 2,890,383 shares.The stock last traded at $22.60 and had previously closed at $22.67.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

The firm’s 50-day simple moving average is $22.75 and its 200 day simple moving average is $22.94.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SCHI. Avior Wealth Management LLC grew its stake in Schwab 5-10 Year Corporate Bond ETF by 0.7% in the fourth quarter. Avior Wealth Management LLC now owns 74,546 shares of the company’s stock valued at $1,712,000 after purchasing an additional 527 shares in the last quarter. PFG Investments LLC boosted its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 5.6% in the 4th quarter. PFG Investments LLC now owns 10,110 shares of the company’s stock valued at $232,000 after buying an additional 535 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 2.5% in the 4th quarter. Brookstone Capital Management now owns 22,185 shares of the company’s stock valued at $510,000 after buying an additional 537 shares during the last quarter. Godsey & Gibb Inc. grew its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 53.8% in the third quarter. Godsey & Gibb Inc. now owns 1,633 shares of the company’s stock valued at $38,000 after buying an additional 571 shares in the last quarter. Finally, Root Financial Partners LLC grew its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 110.6% in the fourth quarter. Root Financial Partners LLC now owns 1,257 shares of the company’s stock valued at $29,000 after buying an additional 660 shares in the last quarter.

About Schwab 5-10 Year Corporate Bond ETF

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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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