Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Reaches New 52-Week Low – Here’s What Happened

Shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $23.86 and last traded at $23.8650, with a volume of 471774 shares changing hands. The stock had previously closed at $23.90.

Schwab Short-Term U.S. Treasury ETF Trading Down 0.0%

The firm has a 50-day simple moving average of $24.03 and a 200-day simple moving average of $24.12.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 6.9% in the fourth quarter. JPMorgan Chase & Co. now owns 21,107,647 shares of the company’s stock worth $514,393,000 after buying an additional 1,357,429 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Schwab Short-Term U.S. Treasury ETF by 72.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,249,057 shares of the company’s stock worth $319,832,000 after acquiring an additional 5,577,503 shares during the period. Valpey Financial Services LLC lifted its stake in Schwab Short-Term U.S. Treasury ETF by 2,499.8% in the 4th quarter. Valpey Financial Services LLC now owns 5,246,793 shares of the company’s stock worth $127,864,000 after purchasing an additional 5,044,981 shares in the last quarter. MCF Advisors LLC boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 60.8% in the 2nd quarter. MCF Advisors LLC now owns 4,431,584 shares of the company’s stock valued at $106,978,000 after purchasing an additional 1,676,213 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 5.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,104,187 shares of the company’s stock valued at $99,609,000 after purchasing an additional 227,884 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.