Park Avenue Securities LLC Increases Stake in Schwab Intermediate-Term U.S. Treasury ETF $SCHR

Park Avenue Securities LLC increased its position in shares of Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) by 28.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 105,150 shares of the company’s stock after buying an additional 23,065 shares during the period. Park Avenue Securities LLC’s holdings in Schwab Intermediate-Term U.S. Treasury ETF were worth $2,637,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in 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 acquiring an additional 2,372,455 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Schwab Intermediate-Term U.S. Treasury ETF by 11.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,681,648 shares of the company’s stock valued at $343,724,000 after purchasing an additional 1,449,980 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 5.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,896,742 shares of the company’s stock valued at $123,055,000 after purchasing an additional 241,925 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of 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 in the last quarter. Finally, Cornerstone Wealth Advisors Inc. lifted its position in shares of Schwab Intermediate-Term U.S. Treasury ETF by 5.4% during the 3rd quarter. Cornerstone Wealth Advisors Inc. now owns 3,656,393 shares of the company’s stock worth $91,885,000 after purchasing an additional 185,752 shares during the last quarter.

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

NYSEARCA:SCHR opened at $24.79 on Monday. Schwab Intermediate-Term U.S. Treasury ETF has a 52-week low of $24.46 and a 52-week high of $25.42. The stock’s 50 day moving average price is $25.10 and its 200 day moving average price is $25.14.

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

The firm also recently announced 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 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.