Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO – Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $23.79 and last traded at $23.7950, with a volume of 241510 shares changing hands. The stock had previously closed at $23.86.
Schwab Short-Term U.S. Treasury ETF Price Performance
The company has a 50-day simple moving average of $24.01 and a 200 day simple moving average of $24.11.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Atomic Invest LLC lifted its holdings in Schwab Short-Term U.S. Treasury ETF by 335.9% during the 2nd quarter. Atomic Invest LLC now owns 269,789 shares of the company’s stock valued at $6,517,000 after buying an additional 207,892 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Schwab Short-Term U.S. Treasury ETF in the 2nd quarter worth about $3,629,000. Envestnet Asset Management Inc. grew its stake in Schwab Short-Term U.S. Treasury ETF by 72.7% in the 2nd 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 in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Schwab Short-Term U.S. Treasury ETF by 257.4% during the second quarter. Sequoia Financial Advisors LLC now owns 96,967 shares of the company’s stock worth $2,341,000 after acquiring an additional 69,833 shares during the period. Finally, MCF Advisors LLC increased its position in shares of Schwab Short-Term U.S. Treasury ETF by 60.8% during the second quarter. MCF Advisors LLC now owns 4,431,584 shares of the company’s stock worth $106,978,000 after acquiring an additional 1,676,213 shares during the period.
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.
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