Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Sets New 52-Week Low – What’s Next?

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $23.96 and last traded at $23.9550, with a volume of 327078 shares traded. The stock had previously closed at $24.00.

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

The company’s fifty day moving average is $24.06 and its two-hundred day moving average is $24.16.

Hedge Funds Weigh In On Schwab Short-Term U.S. Treasury ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Valpey Financial Services LLC boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 2,499.8% during the 4th quarter. Valpey Financial Services LLC now owns 5,246,793 shares of the company’s stock worth $127,864,000 after buying an additional 5,044,981 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 3.2% during the 4th quarter. Bank of America Corp DE now owns 122,501,159 shares of the company’s stock worth $2,985,353,000 after acquiring an additional 3,835,325 shares during the period. MCF Advisors LLC increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 60.8% in the second 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 last quarter. JPMorgan Chase & Co. lifted its position in 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 worth $514,393,000 after acquiring an additional 1,357,429 shares during the last quarter. Finally, Blackhawk Capital Partners LLC bought a new stake in Schwab Short-Term U.S. Treasury ETF in the 1st quarter valued at $30,128,000.

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.