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

Envestnet Asset Management Inc. increased its position in Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) by 101.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,506,378 shares of the company’s stock after acquiring an additional 3,772,782 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.05% of Schwab 5-10 Year Corporate Bond ETF worth $165,666,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its stake in Schwab 5-10 Year Corporate Bond ETF by 53.7% during the 3rd quarter. FMR LLC now owns 8,675 shares of the company’s stock valued at $400,000 after purchasing an additional 3,032 shares during the last quarter. HighTower Advisors LLC increased its holdings in Schwab 5-10 Year Corporate Bond ETF by 39.6% in the 3rd quarter. HighTower Advisors LLC now owns 40,209 shares of the company’s stock worth $1,853,000 after buying an additional 11,402 shares in the last quarter. Stifel Financial Corp raised its position in Schwab 5-10 Year Corporate Bond ETF by 50.5% in the 3rd quarter. Stifel Financial Corp now owns 148,390 shares of the company’s stock worth $6,850,000 after buying an additional 49,786 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in Schwab 5-10 Year Corporate Bond ETF by 9.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 12,301 shares of the company’s stock valued at $568,000 after acquiring an additional 1,101 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 15.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 20,104 shares of the company’s stock valued at $928,000 after acquiring an additional 2,753 shares during the last quarter.

Schwab 5-10 Year Corporate Bond ETF Trading Down 0.3 %

Shares of SCHI stock opened at $22.46 on Monday. The company has a 50 day moving average price of $22.32 and a 200-day moving average price of $22.39. Schwab 5-10 Year Corporate Bond ETF has a 52 week low of $21.50 and a 52 week 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.