Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) shares crossed 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 changing hands.

Schwab Short-Term U.S. Treasury ETF Price Performance

The firm has a 50 day moving average price of $23.91 and a 200-day moving average price of $24.13.

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

Several hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in Schwab Short-Term U.S. Treasury ETF by 72.7% in the second quarter. Envestnet Asset Management Inc. now owns 13,249,057 shares of the company’s stock worth $319,832,000 after acquiring an additional 5,577,503 shares during the last quarter. Bangor Savings Bank acquired a new position in Schwab Short-Term U.S. Treasury ETF during the 3rd quarter worth approximately $66,045,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the 3rd quarter valued at approximately $40,451,000. MCF Advisors LLC increased its position in shares of Schwab Short-Term U.S. Treasury ETF by 60.8% in the 2nd 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. Finally, Members Advisory Group LLC purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the 3rd quarter valued at approximately $36,370,000.

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.