Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Sees Strong Trading Volume – Here’s What Happened

Shares of Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) saw unusually-strong trading volume on Monday . Approximately 2,526,075 shares traded hands during trading, an increase of 31% from the previous session’s volume of 1,923,908 shares.The stock last traded at $24.77 and had previously closed at $24.64.

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

The firm has a 50 day simple moving average of $24.39 and a 200-day simple moving average of $24.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SCHR. Leavell Investment Management Inc. grew its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 219.3% in the third quarter. Leavell Investment Management Inc. now owns 22,413 shares of the company’s stock worth $1,134,000 after purchasing an additional 15,393 shares during the last quarter. Kennebec Savings Bank purchased a new position in Schwab Intermediate-Term U.S. Treasury ETF during the 3rd quarter worth $25,000. Apollon Wealth Management LLC grew its stake in Schwab Intermediate-Term U.S. Treasury ETF by 44.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 27,282 shares of the company’s stock worth $1,380,000 after buying an additional 8,418 shares during the last quarter. First National Trust Co increased its position in Schwab Intermediate-Term U.S. Treasury ETF by 9.3% during the 3rd quarter. First National Trust Co now owns 485,900 shares of the company’s stock valued at $24,587,000 after buying an additional 41,283 shares in the last quarter. Finally, Savvy Advisors Inc. raised its stake in Schwab Intermediate-Term U.S. Treasury ETF by 387.0% in the third quarter. Savvy Advisors Inc. now owns 41,537 shares of the company’s stock valued at $2,102,000 after buying an additional 33,008 shares during 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.