Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires New Holdings in Schwab Intermediate-Term U.S. Treasury ETF $SCHR

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 47,051 shares of the company’s stock, valued at approximately $1,182,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 221,741,946 shares of the company’s stock worth $5,550,201,000 after buying an additional 2,372,455 shares during the period. Cerity Partners LLC lifted its position in Schwab Intermediate-Term U.S. Treasury ETF by 9,015.7% during the 2nd quarter. Cerity Partners LLC now owns 1,654,320 shares of the company’s stock worth $41,408,000 after acquiring an additional 1,636,172 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Schwab Intermediate-Term U.S. Treasury ETF by 44.9% during the third quarter. Envestnet Asset Management Inc. now owns 3,636,388 shares of the company’s stock valued at $91,382,000 after acquiring an additional 1,126,405 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 58.0% in the third quarter. Exchange Traded Concepts LLC now owns 2,749,387 shares of the company’s stock worth $69,092,000 after purchasing an additional 1,008,799 shares during the period. Finally, Midwest Trust Co acquired a new position in shares of Schwab Intermediate-Term U.S. Treasury ETF during the 2nd quarter worth about $22,107,000.

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

Shares of NYSEARCA:SCHR opened at $25.24 on Monday. The business has a 50 day moving average price of $25.09 and a 200 day moving average price of $25.13. Schwab Intermediate-Term U.S. Treasury ETF has a twelve month low of $24.40 and a twelve month high of $25.35.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were paid a $0.0876 dividend. The ex-dividend date was Monday, February 2nd. This is a positive change from Schwab Intermediate-Term U.S. Treasury ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 4.2%.

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.