Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Stock Price Down 0.8% – Here’s What Happened

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) was down 0.8% on Wednesday . The company traded as low as $24.56 and last traded at $24.64. Approximately 4,113,700 shares changed hands during trading, an increase of 102% from the average daily volume of 2,041,221 shares. The stock had previously closed at $24.83.

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

The firm’s fifty day moving average price is $24.65 and its 200-day moving average price is $24.58.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 101.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 217,197,886 shares of the company’s stock worth $5,275,737,000 after buying an additional 109,531,487 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 144.3% in the fourth quarter. Ameriprise Financial Inc. now owns 12,675,135 shares of the company’s stock worth $307,860,000 after acquiring an additional 7,487,107 shares during the period. Royal Bank of Canada boosted its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 49.3% in the fourth quarter. Royal Bank of Canada now owns 15,936,926 shares of the company’s stock valued at $387,108,000 after acquiring an additional 5,259,241 shares during the last quarter. Bank of America Corp DE boosted its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 107.4% in the fourth quarter. Bank of America Corp DE now owns 8,473,433 shares of the company’s stock valued at $205,820,000 after acquiring an additional 4,387,424 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Schwab Intermediate-Term U.S. Treasury ETF by 308.2% during the 4th quarter. JPMorgan Chase & Co. now owns 5,703,976 shares of the company’s stock valued at $138,550,000 after purchasing an additional 4,306,773 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.