Downshift Financial LLC Makes New Investment in Schwab Intermediate-Term U.S. Treasury ETF $SCHR

Downshift Financial LLC bought a new position in Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR) during the fourth quarter, HoldingsChannel reports. The fund bought 544,824 shares of the company’s stock, valued at approximately $13,656,000. Schwab Intermediate-Term U.S. Treasury ETF accounts for 8.4% of Downshift Financial LLC’s investment portfolio, making the stock its 3rd biggest position.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 238,259,660 shares of the company’s stock valued at $5,975,552,000 after buying an additional 10,065,870 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Schwab Intermediate-Term U.S. Treasury ETF by 11.9% in the third 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 in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF by 6.2% in the 4th quarter. JPMorgan Chase & Co. now owns 5,200,552 shares of the company’s stock worth $130,430,000 after buying an additional 303,810 shares in the last quarter. Bank of America Corp DE increased its stake in Schwab Intermediate-Term U.S. Treasury ETF by 10.4% during the third quarter. Bank of America Corp DE now owns 4,153,770 shares of the company’s stock worth $104,384,000 after acquiring an additional 390,772 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Schwab Intermediate-Term U.S. Treasury ETF by 46.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,029,634 shares of the company’s stock valued at $101,063,000 after purchasing an additional 1,280,247 shares during the last quarter.

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

Schwab Intermediate-Term U.S. Treasury ETF stock opened at $24.61 on Friday. The company’s 50-day moving average is $24.71 and its 200 day moving average is $24.94. Schwab Intermediate-Term U.S. Treasury ETF has a 1-year low of $24.42 and a 1-year high of $25.42.

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.