Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Sets New 1-Year Low – Time to Sell?

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $24.42 and last traded at $24.44, with a volume of 741900 shares changing hands. The stock had previously closed at $24.50.

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

The business’s 50-day moving average is $24.62 and its 200 day moving average is $24.88.

Institutional Investors Weigh In On Schwab Intermediate-Term U.S. Treasury ETF

Several institutional investors have recently bought and sold shares of SCHR. Charles Schwab Investment Management Inc. grew its position in 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 acquiring an additional 10,065,870 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 1.5% during the first quarter. Royal Bank of Canada now owns 17,334,539 shares of the company’s stock valued at $431,805,000 after purchasing an additional 253,371 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 11.9% in the third quarter. Ameriprise Financial Inc. now owns 13,681,648 shares of the company’s stock worth $343,724,000 after purchasing an additional 1,449,980 shares during the last quarter. Bank of America Corp DE increased its stake in shares of 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 buying an additional 1,016,874 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 6.2% during the 4th quarter. JPMorgan Chase & Co. now owns 5,200,552 shares of the company’s stock valued at $130,430,000 after buying an additional 303,810 shares during the last quarter.

About Schwab Intermediate-Term U.S. Treasury ETF

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.