Maridea Wealth Management LLC Purchases New Holdings in Schwab Intermediate-Term U.S. Treasury ETF $SCHR

Maridea Wealth Management LLC bought a new stake in Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 192,460 shares of the company’s stock, valued at approximately $4,869,000. Schwab Intermediate-Term U.S. Treasury ETF accounts for approximately 0.8% of Maridea Wealth Management LLC’s investment portfolio, making the stock its 27th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Schwab Intermediate-Term U.S. Treasury ETF by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 221,741,946 shares of the company’s stock worth $5,550,201,000 after acquiring an additional 2,372,455 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Schwab Intermediate-Term U.S. Treasury ETF by 5.2% during the third quarter. JPMorgan Chase & Co. now owns 4,896,742 shares of the company’s stock valued at $123,055,000 after acquiring an additional 241,925 shares during the period. Bank of America Corp DE lifted its position in shares of Schwab Intermediate-Term U.S. Treasury ETF by 10.9% in the 2nd quarter. Bank of America Corp DE now owns 3,762,998 shares of the company’s stock worth $94,188,000 after acquiring an additional 369,539 shares during the period. Cornerstone Wealth Advisors Inc. lifted its position in shares of Schwab Intermediate-Term U.S. Treasury ETF by 5.4% in the 3rd quarter. Cornerstone Wealth Advisors Inc. now owns 3,656,393 shares of the company’s stock worth $91,885,000 after acquiring an additional 185,752 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 44.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,636,388 shares of the company’s stock worth $91,382,000 after purchasing an additional 1,126,405 shares in the last quarter.

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

Shares of NYSEARCA SCHR opened at $25.26 on Wednesday. Schwab Intermediate-Term U.S. Treasury ETF has a one year low of $24.32 and a one year high of $25.35. The business has a fifty day simple moving average of $25.09 and a 200 day simple moving average of $25.12.

Schwab Intermediate-Term U.S. Treasury ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were paid a $0.0876 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. This is a positive change from Schwab Intermediate-Term U.S. Treasury ETF’s previous monthly dividend of $0.07.

Schwab Intermediate-Term U.S. Treasury ETF 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.