Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) Share Price Breaks Below Fifty Day Moving Average – What’s Next?

Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR)’s share price crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $23.92 and traded as low as $23.82. Schwab Intermediate-Term U.S. Treasury ETF shares last traded at $23.82, with a volume of 5,055,153 shares changing hands.

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

The firm’s 50-day simple moving average is $23.92 and its 200 day simple moving average is $24.53.

Hedge Funds Weigh In On Schwab Intermediate-Term U.S. Treasury ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jacobs Equity LLC acquired a new stake in Schwab Intermediate-Term U.S. Treasury ETF in the 3rd quarter valued at approximately $276,000. Benjamin Edwards Inc. acquired a new position in Schwab Intermediate-Term U.S. Treasury ETF during the 3rd quarter worth $9,526,000. Advisors Asset Management Inc. acquired a new position in Schwab Intermediate-Term U.S. Treasury ETF during the 3rd quarter worth $156,000. Private Advisor Group LLC bought a new position in shares of Schwab Intermediate-Term U.S. Treasury ETF in the third quarter worth $1,023,000. Finally, Ieq Capital LLC grew its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 27.8% in the third quarter. Ieq Capital LLC now owns 234,182 shares of the company’s stock worth $5,550,000 after purchasing an additional 50,988 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.