Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Hits New 52-Week High – Here’s Why

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) hit a new 52-week high on Wednesday . The company traded as high as $25.35 and last traded at $25.34, with a volume of 1418110 shares. The stock had previously closed at $25.30.

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

The business’s 50 day moving average is $25.14 and its two-hundred day moving average is $24.92.

Institutional Investors Weigh In On Schwab Intermediate-Term U.S. Treasury ETF

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in Schwab Intermediate-Term U.S. Treasury ETF in the first quarter worth approximately $204,000. Portland Financial Advisors Inc increased its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 8.1% in the 1st quarter. Portland Financial Advisors Inc now owns 16,924 shares of the company’s stock valued at $421,000 after acquiring an additional 1,264 shares in the last quarter. First National Trust Co increased its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 1.6% in the 1st quarter. First National Trust Co now owns 1,061,527 shares of the company’s stock valued at $26,390,000 after acquiring an additional 16,986 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of 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 valued at $63,000 after acquiring an additional 896 shares in the last quarter. Finally, FLC Capital Advisors increased its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 13.8% in the 2nd quarter. FLC Capital Advisors now owns 1,410,832 shares of the company’s stock valued at $35,313,000 after acquiring an additional 171,594 shares in the last quarter.

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.