RiverFront Investment Group LLC Increases Stake in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)

RiverFront Investment Group LLC grew its stake in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) by 95.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,158,176 shares of the company’s stock after acquiring an additional 3,993,956 shares during the quarter. Schwab 5-10 Year Corporate Bond ETF accounts for 4.1% of RiverFront Investment Group LLC’s holdings, making the stock its 4th biggest position. RiverFront Investment Group LLC owned 0.06% of Schwab 5-10 Year Corporate Bond ETF worth $180,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Campbell Wealth Management lifted its stake in Schwab 5-10 Year Corporate Bond ETF by 156.7% in the 4th quarter. Campbell Wealth Management now owns 5,681,777 shares of the company’s stock valued at $125,397,000 after acquiring an additional 3,468,198 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Schwab 5-10 Year Corporate Bond ETF during the 4th quarter worth about $52,702,000. Bouchey Financial Group Ltd lifted its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 161.3% during the fourth quarter. Bouchey Financial Group Ltd now owns 1,080,234 shares of the company’s stock worth $23,841,000 after buying an additional 666,785 shares in the last quarter. San Luis Wealth Advisors LLC grew its position in Schwab 5-10 Year Corporate Bond ETF by 135.4% during the fourth quarter. San Luis Wealth Advisors LLC now owns 1,043,209 shares of the company’s stock worth $23,024,000 after buying an additional 600,055 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Schwab 5-10 Year Corporate Bond ETF by 94.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 861,598 shares of the company’s stock valued at $19,015,000 after purchasing an additional 418,097 shares in the last quarter.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

NYSEARCA SCHI opened at $22.42 on Friday. Schwab 5-10 Year Corporate Bond ETF has a fifty-two week low of $21.50 and a fifty-two week high of $23.21. The business has a fifty day moving average price of $22.29 and a two-hundred day moving average price of $22.42.

Schwab 5-10 Year Corporate Bond ETF Company 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.