Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Sets New 1-Year High – Here’s Why

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $25.37 and last traded at $25.3950, with a volume of 4480 shares traded. The stock had previously closed at $25.32.

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

The business has a fifty day moving average of $25.11 and a 200-day moving average of $25.13.

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

The company also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were given a $0.0876 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from Schwab Intermediate-Term U.S. Treasury ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, February 2nd.

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

Several hedge funds have recently bought and sold shares of SCHR. Clearstead Advisors LLC increased its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 8.2% during the third quarter. Clearstead Advisors LLC now owns 1,714,017 shares of the company’s stock valued at $43,073,000 after buying an additional 130,244 shares during the period. Avidian Wealth Enterprises LLC lifted its stake in Schwab Intermediate-Term U.S. Treasury ETF by 3.9% in the third quarter. Avidian Wealth Enterprises LLC now owns 2,051,937 shares of the company’s stock worth $51,565,000 after acquiring an additional 77,125 shares during the period. Belpointe Asset Management LLC boosted its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 162.4% in the third quarter. Belpointe Asset Management LLC now owns 48,033 shares of the company’s stock valued at $1,207,000 after acquiring an additional 29,728 shares in the last quarter. Csenge Advisory Group increased its position in Schwab Intermediate-Term U.S. Treasury ETF by 27.5% during the 3rd quarter. Csenge Advisory Group now owns 114,406 shares of the company’s stock valued at $2,875,000 after purchasing an additional 24,702 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in Schwab Intermediate-Term U.S. Treasury ETF by 82.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 360,038 shares of the company’s stock valued at $9,048,000 after purchasing an additional 162,261 shares during the period.

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.