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

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) saw unusually-high trading volume on Friday. 3,036,297 shares changed hands during 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 Trading Up 0.0%

The firm’s fifty day moving average is $23.92 and its 200-day moving average is $24.53.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCHR. Royal Bank of Canada raised its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 1.5% during the 1st quarter. Royal Bank of Canada now owns 17,334,539 shares of the company’s stock worth $431,805,000 after buying an additional 253,371 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 103.7% in the second quarter. Envestnet Asset Management Inc. now owns 9,469,330 shares of the company’s stock valued at $233,514,000 after buying an additional 4,821,340 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 19.7% in the first quarter. Bank of America Corp DE now owns 6,189,094 shares of the company’s stock valued at $154,170,000 after buying an additional 1,016,874 shares in the last quarter. Cornerstone Wealth Advisors Inc. grew its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 3.9% during the third quarter. Cornerstone Wealth Advisors Inc. now owns 4,279,824 shares of the company’s stock worth $101,432,000 after acquiring an additional 159,762 shares during the period. Finally, Avidian Wealth Enterprises LLC acquired a new position in Schwab Intermediate-Term U.S. Treasury ETF during the third quarter worth $59,923,000.

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.