Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Shares Scheduled to Split on Friday, October 11th

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI)’s stock is set to split on the morning of Friday, October 11th. The 2-1 split was announced on Wednesday, September 25th. The newly created shares will be distributed to shareholders after the market closes on Thursday, October 10th.

Schwab 5-10 Year Corporate Bond ETF Stock Performance

NYSEARCA:SCHI opened at $45.61 on Monday. Schwab 5-10 Year Corporate Bond ETF has a twelve month low of $40.94 and a twelve month high of $46.42. The company has a 50-day moving average of $45.72 and a 200-day moving average of $44.62.

Hedge Funds Weigh In On Schwab 5-10 Year Corporate Bond ETF

Several large investors have recently made changes to their positions in SCHI. RiverFront Investment Group LLC bought a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the 1st quarter valued at about $171,904,000. Charles Schwab Investment Advisory Inc. boosted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 2.8% during the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 111,203,789 shares of the company’s stock valued at $4,947,457,000 after purchasing an additional 3,069,445 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 8,656.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 480,300 shares of the company’s stock valued at $21,369,000 after purchasing an additional 474,815 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Schwab 5-10 Year Corporate Bond ETF by 11.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,685,393 shares of the company’s stock valued at $162,526,000 after purchasing an additional 387,815 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 27.9% in the second quarter. Raymond James & Associates now owns 981,945 shares of the company’s stock worth $43,304,000 after buying an additional 214,492 shares during the period.

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.