Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Hits New 52-Week Low – What’s Next?

Shares of Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) hit a new 52-week low on Friday . The stock traded as low as $24.53 and last traded at $24.53, with a volume of 647077 shares trading hands. The stock had previously closed at $24.66.

Schwab Intermediate-Term U.S. Treasury ETF Stock Down 0.5%

The firm has a 50 day simple moving average of $24.87 and a two-hundred day simple moving average of $25.04.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SCHR. Goldman Sachs Group Inc. purchased a new position in shares of Schwab Intermediate-Term U.S. Treasury ETF in the 1st quarter valued at approximately $1,469,000. Jane Street Group LLC boosted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 1,697.2% in the first quarter. Jane Street Group LLC now owns 158,279 shares of the company’s stock valued at $3,935,000 after buying an additional 149,472 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 414.5% in the first quarter. Geneos Wealth Management Inc. now owns 2,696 shares of the company’s stock valued at $67,000 after buying an additional 2,172 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 32.8% in the second quarter. NewEdge Advisors LLC now owns 24,875 shares of the company’s stock valued at $623,000 after buying an additional 6,147 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 38.0% in the second quarter. Raymond James Financial Inc. now owns 342,715 shares of the company’s stock valued at $8,578,000 after buying an additional 94,412 shares in the last quarter.

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.