Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Reaches New 52-Week Low – Time to Sell?

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $23.99 and last traded at $23.99, with a volume of 383145 shares trading hands. The stock had previously closed at $24.07.

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

The company has a 50 day simple moving average of $24.08 and a 200-day simple moving average of $24.17.

Institutional Investors Weigh In On Schwab Short-Term U.S. Treasury ETF

Several institutional investors and hedge funds have recently made changes to their positions in SCHO. Brighton Jones LLC increased its stake in Schwab Short-Term U.S. Treasury ETF by 227.2% during the fourth quarter. Brighton Jones LLC now owns 18,449 shares of the company’s stock valued at $444,000 after purchasing an additional 12,810 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the 2nd quarter valued at about $2,798,000. Ameriprise Financial Inc. grew its position in shares of Schwab Short-Term U.S. Treasury ETF by 5.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 23,077,707 shares of the company’s stock valued at $570,775,000 after buying an additional 1,237,815 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Schwab Short-Term U.S. Treasury ETF by 17.2% during the second quarter. BNP Paribas Financial Markets now owns 444,031 shares of the company’s stock worth $10,825,000 after acquiring an additional 65,157 shares during the period. Finally, Benjamin Edwards Inc. raised its stake in Schwab Short-Term U.S. Treasury ETF by 14.5% during the second quarter. Benjamin Edwards Inc. now owns 106,542 shares of the company’s stock worth $2,597,000 after acquiring an additional 13,456 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.