Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Reaches New 1-Year Low – Here’s What Happened

Shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) hit a new 52-week low during trading on Wednesday . The company traded as low as $24.04 and last traded at $24.05, with a volume of 689679 shares traded. The stock had previously closed at $24.06.

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

The company has a fifty day moving average price of $24.13 and a two-hundred day moving average price of $24.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 3.2% in the 4th quarter. Bank of America Corp DE now owns 122,501,159 shares of the company’s stock valued at $2,985,353,000 after buying an additional 3,835,325 shares in the last quarter. Ameriprise Financial Inc. boosted 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 acquiring an additional 1,237,815 shares in the last quarter. JPMorgan Chase & Co. increased its stake in 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 valued at $514,393,000 after acquiring an additional 1,357,429 shares during the period. Sei Investments Co. increased its stake in Schwab Short-Term U.S. Treasury ETF by 3.4% in the third quarter. Sei Investments Co. now owns 17,596,729 shares of the company’s stock valued at $429,361,000 after acquiring an additional 570,536 shares during the period. Finally, Valpey Financial Services LLC raised its position in Schwab Short-Term U.S. Treasury ETF by 2,499.8% in the fourth 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.

About Schwab Short-Term U.S. Treasury ETF

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.