Schwab Intermediate-Term U.S. Treasury ETF $SCHR Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC raised its position in Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) by 15.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,343,014 shares of the company’s stock after purchasing an additional 179,863 shares during the period. DAVENPORT & Co LLC’s holdings in Schwab Intermediate-Term U.S. Treasury ETF were worth $33,683,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SCHR. Certified Advisory Corp increased its position in shares of Schwab Intermediate-Term U.S. Treasury ETF by 7.1% during the fourth quarter. Certified Advisory Corp now owns 10,722 shares of the company’s stock worth $269,000 after acquiring an additional 711 shares during the last quarter. Charles Schwab Trust Co boosted its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 5.6% in the fourth quarter. Charles Schwab Trust Co now owns 81,300 shares of the company’s stock valued at $2,039,000 after purchasing an additional 4,307 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 1.0% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 115,687 shares of the company’s stock valued at $2,901,000 after purchasing an additional 1,123 shares during the last quarter. Marshall Financial Group LLC grew its stake in Schwab Intermediate-Term U.S. Treasury ETF by 6.1% during the 4th quarter. Marshall Financial Group LLC now owns 634,381 shares of the company’s stock valued at $15,910,000 after purchasing an additional 36,267 shares in the last quarter. Finally, M. Kulyk & Associates LLC grew its stake in Schwab Intermediate-Term U.S. Treasury ETF by 113.8% during the 4th quarter. M. Kulyk & Associates LLC now owns 21,700 shares of the company’s stock valued at $544,000 after purchasing an additional 11,549 shares in the last quarter.

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

SCHR stock opened at $24.78 on Wednesday. The stock’s 50 day moving average is $25.09 and its two-hundred day moving average is $25.14. Schwab Intermediate-Term U.S. Treasury ETF has a 52-week low of $24.46 and a 52-week high of $25.42.

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

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.0746 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

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.