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

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHOGet Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $23.99 and last traded at $23.99, with a volume of 383145 shares traded. The stock had previously closed at $24.07.

Schwab Short-Term U.S. Treasury ETF Stock Down 0.3%

The firm has a 50 day moving average price of $24.09 and a 200-day moving average price of $24.18.

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

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in shares of Schwab Short-Term U.S. Treasury ETF by 3.2% in the fourth 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. Ameriprise Financial Inc. lifted its position in Schwab Short-Term U.S. Treasury ETF by 5.7% during the second quarter. Ameriprise Financial Inc. now owns 23,077,707 shares of the company’s stock valued at $570,775,000 after purchasing an additional 1,237,815 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 1,357,429 shares during the last quarter. Valpey Financial Services LLC boosted its holdings 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 valued at $127,864,000 after purchasing an additional 5,044,981 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Schwab Short-Term U.S. Treasury ETF by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,104,187 shares of the company’s stock worth $99,609,000 after purchasing an additional 227,884 shares during the period.

Schwab Short-Term U.S. Treasury ETF Company Profile

(Get Free Report)

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.

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