Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Reaches New 1-Year Low – Should You Sell?

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) reached a new 52-week low during trading on Friday . The stock traded as low as $24.07 and last traded at $24.07, with a volume of 1519613 shares changing hands. The stock had previously closed at $24.11.

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

The company’s fifty day moving average is $24.19 and its 200 day moving average is $24.30.

Institutional Trading of Schwab Short-Term U.S. Treasury ETF

A number of hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 3.2% during the fourth quarter. Bank of America Corp DE now owns 122,501,159 shares of the company’s stock valued at $2,985,353,000 after purchasing an additional 3,835,325 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 5.7% during the second quarter. Ameriprise Financial Inc. now owns 23,077,707 shares of the company’s stock valued at $570,775,000 after purchasing an additional 1,237,815 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 6.9% during the fourth quarter. JPMorgan Chase & Co. now owns 21,107,647 shares of the company’s stock valued at $514,393,000 after purchasing an additional 1,357,429 shares during the period. Sei Investments Co. raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 3.4% during the third quarter. Sei Investments Co. now owns 17,596,729 shares of the company’s stock valued at $429,361,000 after purchasing an additional 570,536 shares during the period. Finally, Valpey Financial Services LLC raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 2,499.8% during the fourth quarter. Valpey Financial Services LLC now owns 5,246,793 shares of the company’s stock valued at $127,864,000 after purchasing an additional 5,044,981 shares during the period.

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

The Schwab Short-Term U.S. Treasury ETF (SCHO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of debt issued by the US Treasury, excluding STRIPS, with remaining maturity of 1-3 years. SCHO was launched on Aug 5, 2010 and is managed by Charles Schwab.