Studio Investment Management LLC Sells 23,570 Shares of Schwab Intermediate-Term U.S. Treasury ETF $SCHR

Studio Investment Management LLC reduced its stake in Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) by 41.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 33,353 shares of the company’s stock after selling 23,570 shares during the period. Studio Investment Management LLC’s holdings in Schwab Intermediate-Term U.S. Treasury ETF were worth $790,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position 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 during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 103.7% in the 2nd 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 holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 19.7% in the 1st 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 position in shares of Schwab Intermediate-Term U.S. Treasury ETF by 3.9% in the 3rd quarter. Cornerstone Wealth Advisors Inc. now owns 4,279,824 shares of the company’s stock valued at $101,432,000 after buying an additional 159,762 shares during the last quarter. Finally, Pacific Sage Partners LLC grew its position in shares of Schwab Intermediate-Term U.S. Treasury ETF by 9.6% in the 1st quarter. Pacific Sage Partners LLC now owns 3,480,010 shares of the company’s stock valued at $86,687,000 after buying an additional 306,106 shares during the last quarter.

Schwab Intermediate-Term U.S. Treasury ETF Trading Up 0.8%

Shares of NYSEARCA:SCHR opened at $24.04 on Friday. The company’s fifty day moving average price is $24.02 and its 200 day moving average price is $24.41. Schwab Intermediate-Term U.S. Treasury ETF has a 12 month low of $23.57 and a 12 month high of $25.42.

Schwab Intermediate-Term U.S. Treasury ETF Company Profile

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.