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

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHRGet Free Report)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $24.20 and last traded at $24.2150, with a volume of 2397943 shares traded. The stock had previously closed at $24.24.

Schwab Intermediate-Term U.S. Treasury ETF Trading Down 0.1%

The company has a 50 day moving average of $24.44 and a 200 day moving average of $24.69.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 70.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 39,943 shares of the company’s stock valued at $985,000 after purchasing an additional 16,522 shares in the last quarter. Studio Investment Management LLC grew its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 18.0% during the second quarter. Studio Investment Management LLC now owns 56,923 shares of the company’s stock worth $1,404,000 after purchasing an additional 8,691 shares in the last quarter. Angeles Wealth Management LLC purchased a new position in Schwab Intermediate-Term U.S. Treasury ETF in the second quarter valued at $35,000. Noble Wealth Partners LLC acquired a new stake in Schwab Intermediate-Term U.S. Treasury ETF in the second quarter valued at $3,153,000. Finally, Compass Financial Management LLC acquired a new stake in Schwab Intermediate-Term U.S. Treasury ETF in the second quarter valued at $233,000.

About Schwab Intermediate-Term U.S. Treasury ETF

(Get Free Report)

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.

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