Ransom Advisory Ltd Buys Shares of 36,000 Schwab Intermediate-Term U.S. Treasury ETF $SCHR

Ransom Advisory Ltd bought a new position in shares of Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) in the 4th quarter, HoldingsChannel.com reports. The fund bought 36,000 shares of the company’s stock, valued at approximately $903,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SCHR. Charles Schwab Investment Management Inc. boosted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 221,741,946 shares of the company’s stock valued at $5,550,201,000 after purchasing an additional 2,372,455 shares in the last quarter. Ameriprise Financial Inc. increased its position in Schwab Intermediate-Term U.S. Treasury ETF by 11.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,681,648 shares of the company’s stock worth $343,724,000 after purchasing an additional 1,449,980 shares in the last quarter. JPMorgan Chase & Co. increased its position in Schwab Intermediate-Term U.S. Treasury ETF by 5.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,896,742 shares of the company’s stock worth $123,055,000 after purchasing an additional 241,925 shares in the last quarter. Bank of America Corp DE lifted its stake in Schwab Intermediate-Term U.S. Treasury ETF by 10.4% in the 3rd quarter. Bank of America Corp DE now owns 4,153,770 shares of the company’s stock valued at $104,384,000 after purchasing an additional 390,772 shares during the last quarter. Finally, Cornerstone Wealth Advisors Inc. lifted its stake in Schwab Intermediate-Term U.S. Treasury ETF by 5.4% in the 3rd quarter. Cornerstone Wealth Advisors Inc. now owns 3,656,393 shares of the company’s stock valued at $91,885,000 after purchasing an additional 185,752 shares during the last quarter.

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

Shares of Schwab Intermediate-Term U.S. Treasury ETF stock opened at $24.95 on Friday. The company’s 50 day moving average price is $25.10 and its two-hundred day moving average price is $25.14. Schwab Intermediate-Term U.S. Treasury ETF has a fifty-two week low of $24.46 and a fifty-two week high of $25.42.

Schwab Intermediate-Term U.S. Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a dividend of $0.0746 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%.

Schwab Intermediate-Term U.S. Treasury ETF 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.