Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Share Price Breaks Below 50-Day Moving Average – Here’s Why

Shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $23.91 and traded as low as $23.88. Schwab Short-Term U.S. Treasury ETF shares last traded at $23.89, with a volume of 3,877,479 shares trading hands.

Schwab Short-Term U.S. Treasury ETF Trading Down 0.1%

The firm has a 50-day moving average of $23.91 and a two-hundred day moving average of $24.12.

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

Several institutional investors have recently made changes to their positions in the company. Birchbrook Inc. raised its position in shares of Schwab Short-Term U.S. Treasury ETF by 2.5% in the second quarter. Birchbrook Inc. now owns 18,408 shares of the company’s stock valued at $444,000 after purchasing an additional 448 shares during the period. Myecfo LLC grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 4.1% during the 3rd quarter. Myecfo LLC now owns 12,663 shares of the company’s stock worth $302,000 after purchasing an additional 500 shares in the last quarter. Allworth Financial LP raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 0.4% in the 3rd quarter. Allworth Financial LP now owns 127,052 shares of the company’s stock valued at $3,067,000 after buying an additional 519 shares in the last quarter. Enclave Advisors LLC lifted its stake in Schwab Short-Term U.S. Treasury ETF by 3.6% during the third quarter. Enclave Advisors LLC now owns 16,265 shares of the company’s stock worth $388,000 after purchasing an additional 564 shares during the period. Finally, Titleist Asset Management LLC boosted its stake in Schwab Short-Term U.S. Treasury ETF by 2.1% in the 3rd quarter. Titleist Asset Management LLC now owns 28,510 shares of the company’s stock valued at $680,000 after buying an additional 578 shares in the last quarter.

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.