Tortoise Investment Management LLC Raises Position in Schwab Intermediate-Term U.S. Treasury ETF $SCHR

Tortoise Investment Management LLC increased its stake in Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) by 37.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 91,412 shares of the company’s stock after purchasing an additional 25,129 shares during the quarter. Tortoise Investment Management LLC’s holdings in Schwab Intermediate-Term U.S. Treasury ETF were worth $2,288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hoey Investments Inc. acquired a new stake in Schwab Intermediate-Term U.S. Treasury ETF in the second quarter valued at approximately $37,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Schwab Intermediate-Term U.S. Treasury ETF during the 2nd quarter worth $44,000. Harbour Investments Inc. lifted its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 54.9% in the 1st quarter. Harbour Investments Inc. now owns 2,528 shares of the company’s stock worth $63,000 after buying an additional 896 shares in the last quarter. Berkshire Money Management Inc. purchased a new position in Schwab Intermediate-Term U.S. Treasury ETF in the 2nd quarter valued at about $65,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 414.5% during the first quarter. Geneos Wealth Management Inc. now owns 2,696 shares of the company’s stock valued at $67,000 after acquiring an additional 2,172 shares in the last quarter.

Schwab Intermediate-Term U.S. Treasury ETF Stock Down 0.1%

Shares of NYSEARCA SCHR opened at $25.11 on Friday. Schwab Intermediate-Term U.S. Treasury ETF has a 1 year low of $24.04 and a 1 year high of $25.35. The stock’s 50-day simple moving average is $25.18 and its 200-day simple moving average is $24.96.

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.