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

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) shares reached a new 52-week low on Tuesday . The company traded as low as $24.04 and last traded at $24.05, with a volume of 2955174 shares trading hands. The stock had previously closed at $24.07.

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

The firm has a fifty day simple moving average of $24.12 and a 200-day simple moving average of $24.25.

Institutional Trading of Schwab Short-Term U.S. Treasury ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SCHO. Bank of America Corp DE boosted its stake in 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 valued at $2,985,353,000 after acquiring an additional 3,835,325 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Schwab Short-Term U.S. Treasury ETF by 5.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 23,077,707 shares of the company’s stock worth $570,775,000 after purchasing an additional 1,237,815 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 6.9% in the 4th 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 in the last quarter. Valpey Financial Services LLC raised its stake in shares of 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 valued at $127,864,000 after purchasing an additional 5,044,981 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of 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 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.