Schwab Intermediate-Term U.S. Treasury ETF $SCHR is Archer Investment Management LLC’s Largest Position

Archer Investment Management LLC reduced its position in Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHRFree Report) by 30.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 404,578 shares of the company’s stock after selling 178,624 shares during the period. Schwab Intermediate-Term U.S. Treasury ETF accounts for about 5.5% of Archer Investment Management LLC’s portfolio, making the stock its largest position. Archer Investment Management LLC owned approximately 0.08% of Schwab Intermediate-Term U.S. Treasury ETF worth $10,147,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHR. Aventura Private Wealth LLC acquired a new position in shares of Schwab Intermediate-Term U.S. Treasury ETF during the fourth quarter worth $25,000. Asset Dedication LLC purchased a new stake in shares of Schwab Intermediate-Term U.S. Treasury ETF during the 3rd quarter valued at $26,000. Wealth Watch Advisors INC acquired a new stake in shares of Schwab Intermediate-Term U.S. Treasury ETF in the 3rd quarter worth $28,000. Triumph Capital Management acquired a new stake in shares of Schwab Intermediate-Term U.S. Treasury ETF in the 3rd quarter worth $34,000. Finally, GeoWealth Management LLC grew its stake in Schwab Intermediate-Term U.S. Treasury ETF by 335.9% during the 3rd quarter. GeoWealth Management LLC now owns 1,347 shares of the company’s stock worth $34,000 after buying an additional 1,038 shares during the last quarter.

Schwab Intermediate-Term U.S. Treasury ETF Stock Down 0.3%

Shares of NYSEARCA:SCHR opened at $24.78 on Wednesday. The business’s 50-day moving average is $25.09 and its 200 day moving average is $25.14. Schwab Intermediate-Term U.S. Treasury ETF has a 1 year low of $24.46 and a 1 year high of $25.42.

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

The firm also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were paid 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%.

Schwab Intermediate-Term U.S. Treasury ETF Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR)

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