Janney Montgomery Scott LLC Increases Stake in Schwab 5-10 Year Corporate Bond ETF (SCHI)

In a recent disclosure to the SEC, Janney Montgomery Scott LLC reported a substantial increase in its investment in the Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI – Free Report). During the fourth quarter, the firm raised its position by an impressive 94.3%. After purchasing an additional 418,097 shares, the fund now owns a total of 861,598 shares in SCHI.

As of the latest reporting period, this stake represents about 0.59% of the Schwab 5-10 Year Corporate Bond ETF, valued at approximately $19,015,000.

Other investment firms have also recently engaged with SCHI, either by increasing their stakes or initiating new positions. Godsey & Gibb Inc. entered a new position during the third quarter, investing around $25,000. Similarly, Archer Investment Corp and Truvestments Capital LLC both acquired new stakes, each worth about $29,000 in the same quarter.

Furthermore, in the fourth quarter, MCF Advisors LLC doubled its stake in SCHI by 100.0%, bringing its ownership to 1,356 shares valued at $30,000 after purchasing an additional 678 shares. Additionally, Coston McIsaac & Partners also made a new investment in the ETF, valued at about $34,000 during the third quarter.

Schwab 5-10 Year Corporate Bond ETF Performance

As of the latest market opening, the Schwab 5-10 Year Corporate Bond ETF is trading at $22.11. Within the past year, the ETF has seen a low of $21.50 and a peak of $23.21. Its current moving averages stand at $22.22 for the 50-day and $22.51 for the 200-day periods, indicating stability in its price movement.

Schwab 5-10 Year Corporate Bond ETF Overview

The Schwab 5-10 Year Corporate Bond ETF (SCHI) is an exchange-traded fund that primarily invests in investment-grade fixed-income securities. The fund seeks to track the performance of a market-weighted index of USD-denominated investment-grade corporate bonds with intermediate maturities ranging from five to ten years. SCHI has been operational since its launch on October 10, 2019, under the management of Charles Schwab.

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