Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Share Price Breaks Below Fifty Day Moving Average – What’s Next?

Shares of Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $23.92 and traded as low as $23.82. Schwab Intermediate-Term U.S. Treasury ETF shares last traded at $23.82, with a volume of 5,055,153 shares.

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

The stock’s 50-day moving average is $23.92 and its 200-day moving average is $24.53.

Institutional Trading of Schwab Intermediate-Term U.S. Treasury ETF

A number of institutional investors have recently made changes to their positions in the stock. Professional Financial Management Inc. increased its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 3.2% during the third quarter. Professional Financial Management Inc. now owns 14,590 shares of the company’s stock valued at $346,000 after acquiring an additional 455 shares during the period. GenWealth Group Inc. lifted its position in Schwab Intermediate-Term U.S. Treasury ETF by 0.5% in the third quarter. GenWealth Group Inc. now owns 101,973 shares of the company’s stock worth $2,417,000 after purchasing an additional 475 shares during the period. Asset Dedication LLC lifted its position in Schwab Intermediate-Term U.S. Treasury ETF by 52.7% in the first quarter. Asset Dedication LLC now owns 1,472 shares of the company’s stock worth $37,000 after purchasing an additional 508 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Schwab Intermediate-Term U.S. Treasury ETF by 2.6% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 22,879 shares of the company’s stock worth $570,000 after purchasing an additional 577 shares during the period. Finally, Verus Capital Partners LLC lifted its position in Schwab Intermediate-Term U.S. Treasury ETF by 6.3% in the first quarter. Verus Capital Partners LLC now owns 10,102 shares of the company’s stock worth $252,000 after purchasing an additional 597 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.