Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Reaches New 1-Year Low – Here’s Why

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) reached a new 52-week low on Monday . The stock traded as low as $23.97 and last traded at $23.9650, with a volume of 10171 shares changing hands. The stock had previously closed at $23.98.

Schwab Intermediate-Term U.S. Treasury ETF Stock Performance

The firm has a 50 day moving average of $24.40 and a 200-day moving average of $24.66.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 238,259,660 shares of the company’s stock worth $5,975,552,000 after purchasing an additional 10,065,870 shares during the period. AlphaQuest LLC raised its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 643.7% during the fourth quarter. AlphaQuest LLC now owns 1,921,346 shares of the company’s stock valued at $48,187,000 after acquiring an additional 1,662,992 shares in the last quarter. Financial Life Advisors purchased a new stake in shares of Schwab Intermediate-Term U.S. Treasury ETF in the second quarter valued at approximately $36,389,000. Hapanowicz & Associates Financial Services Inc boosted its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 5,011.0% in the fourth quarter. Hapanowicz & Associates Financial Services Inc now owns 1,336,122 shares of the company’s stock valued at $33,510,000 after purchasing an additional 1,309,980 shares during the period. Finally, Bank of America Corp DE grew its stake in Schwab Intermediate-Term U.S. Treasury ETF by 19.7% in the first quarter. Bank of America Corp DE now owns 6,189,094 shares of the company’s stock worth $154,170,000 after purchasing an additional 1,016,874 shares in the last quarter.

Schwab Intermediate-Term U.S. Treasury ETF Company Profile

The Schwab Intermediate-Term U.S. Treasury ETF (SCHR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment grade debt issued by the US Treasury with remaining maturity of 3-10 years. SCHR was launched on Aug 5, 2010 and is managed by Charles Schwab.