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) shares reached a new 52-week low during trading on Monday . The stock traded as low as $24.42 and last traded at $24.44, with a volume of 741900 shares traded. The stock had previously closed at $24.50.

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

The company has a 50 day simple moving average of $24.60 and a two-hundred day simple moving average of $24.87.

Hedge Funds Weigh In On Schwab Intermediate-Term U.S. Treasury ETF

Several large investors have recently modified their holdings of SCHR. Goldman Sachs Group Inc. bought a new position in Schwab Intermediate-Term U.S. Treasury ETF during the first quarter valued at $1,469,000. Jane Street Group LLC lifted its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 1,697.2% in the 1st quarter. Jane Street Group LLC now owns 158,279 shares of the company’s stock worth $3,935,000 after acquiring an additional 149,472 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 414.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,696 shares of the company’s stock worth $67,000 after purchasing an additional 2,172 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 32.8% during the 2nd quarter. NewEdge Advisors LLC now owns 24,875 shares of the company’s stock worth $623,000 after purchasing an additional 6,147 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 38.0% during the 2nd quarter. Raymond James Financial Inc. now owns 342,715 shares of the company’s stock valued at $8,578,000 after purchasing an additional 94,412 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.