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

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR)’s share price hit a new 52-week low during trading on Wednesday. The stock traded as low as $23.87 and last traded at $23.8550, with a volume of 175386 shares trading hands. The stock had previously closed at $23.99.

Schwab Intermediate-Term U.S. Treasury ETF Trading Down 0.3%

The business’s fifty day simple moving average is $24.29 and its two-hundred day simple moving average is $24.57.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Hamilton Point Investment Advisors LLC purchased a new stake in shares of Schwab Intermediate-Term U.S. Treasury ETF in the first quarter valued at about $27,000. NBT Bank N A NY lifted its position in Schwab Intermediate-Term U.S. Treasury ETF by 5,316.0% in the first quarter. NBT Bank N A NY now owns 1,354 shares of the company’s stock valued at $34,000 after purchasing an additional 1,329 shares during the period. Angeles Wealth Management LLC acquired a new stake in Schwab Intermediate-Term U.S. Treasury ETF in the second quarter valued at about $35,000. Asset Dedication LLC boosted its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 52.7% in the 1st quarter. Asset Dedication LLC now owns 1,472 shares of the company’s stock valued at $37,000 after purchasing an additional 508 shares in the last quarter. Finally, Key Financial Inc boosted its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 806.7% in the 4th quarter. Key Financial Inc now owns 1,496 shares of the company’s stock valued at $38,000 after purchasing an additional 1,331 shares in 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.