Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Sees Unusually-High Trading Volume – Still a Buy?

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) shares saw unusually-high trading volume on Friday. 3,036,297 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 3,018,031 shares. The stock last traded at $23.8450 and had previously closed at $23.82.

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

The business has a 50 day moving average of $23.92 and a 200-day moving average of $24.53.

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

Several large investors have recently modified their holdings of SCHR. Envestnet Asset Management Inc. increased its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 103.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,469,330 shares of the company’s stock valued at $233,514,000 after acquiring an additional 4,821,340 shares during the period. Avidian Wealth Enterprises LLC acquired a new stake in Schwab Intermediate-Term U.S. Treasury ETF during the 3rd quarter worth $59,923,000. Financial Life Advisors purchased a new position in Schwab Intermediate-Term U.S. Treasury ETF during the 2nd quarter worth $36,389,000. Bank of America Corp DE grew its position in Schwab Intermediate-Term U.S. Treasury ETF by 19.7% during the 1st 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 during the last quarter. Finally, Waverly Advisors LLC grew its position in Schwab Intermediate-Term U.S. Treasury ETF by 1,269.1% during the 1st quarter. Waverly Advisors LLC now owns 794,905 shares of the company’s stock worth $19,801,000 after purchasing an additional 736,844 shares during 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.