Schwab 5-10 Year Corporate Bond ETF Experiences Significant Price Drop

The Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) encountered a notable decline in its share price before the market opened on Friday. The ETF, which closed at $45.43, saw its opening price plummet to $22.96. By the time of the last recorded trade, shares were valued at $22.72, with a trading volume of 38,653 shares.

Recent Trading Activity

In recent trading, the Schwab 5-10 Year Corporate Bond ETF reflected a minor increase of 0.1%. The ETF's fifty-day moving average is currently at $45.31, while its 200-day moving average stands at $44.50.

Institutional Investment Insights

There have been various adjustments in institutional holdings of SCHI. EP Wealth Advisors LLC notably grew its stake in the fund by 99.1% in the last quarter, bringing their total to 5,956 shares valued at approximately $268,000 after acquiring an additional 2,964 shares. Meanwhile, B. Riley Wealth Advisors Inc. increased its position by 6.6%, holding 54,526 shares now worth about $2,450,000 following the purchase of 3,371 additional shares.

Clearview Wealth Advisors LLC also increased its holdings by 30.6%, now owning 11,040 shares valued at around $491,000 after acquiring an additional 2,584 shares. Additionally, Bank of New Hampshire raised its stake by an impressive 261.0%, owning 40,801 shares valued at $1,815,000 after buying an extra 29,499 shares. American National Bank also expanded its holdings by 279.0%, bringing their total to 4,268 shares worth $190,000 after acquiring an extra 3,142 shares.

About the Schwab 5-10 Year Corporate Bond ETF

The Schwab 5-10 Year Corporate Bond ETF is designed for investors looking for exposure to investment-grade fixed income. This ETF tracks an index that consists of U.S. dollar-denominated corporate bonds with intermediate maturities ranging from 5 to 10 years. It was launched on October 10, 2019, and is managed by Charles Schwab.

Further Reading

• Market trends affecting corporate bond ETFs
• Understanding investment-grade bonds and their role in portfolios
• The benefits and risks of bond ETFs
• Investment strategies for bond ETFs
• Analyzing the current market situation for bond investors

ETF, Trading, Bonds