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

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHOGet Free Report)’s share price hit a new 52-week low on Tuesday . The stock 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 Stock Down 0.1%

The firm’s fifty day moving average is $24.12 and its 200 day moving average is $24.25.

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

Several large investors have recently made changes to their positions in SCHO. Brighton Jones LLC lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 227.2% in the fourth quarter. Brighton Jones LLC now owns 18,449 shares of the company’s stock worth $444,000 after buying an additional 12,810 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the 2nd quarter valued at approximately $2,798,000. Ameriprise Financial Inc. raised its position in Schwab Short-Term U.S. Treasury ETF by 5.7% in 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. BNP Paribas Financial Markets lifted its position in Schwab Short-Term U.S. Treasury ETF by 17.2% in the second quarter. BNP Paribas Financial Markets now owns 444,031 shares of the company’s stock valued at $10,825,000 after buying an additional 65,157 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 14.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 106,542 shares of the company’s stock worth $2,597,000 after acquiring an additional 13,456 shares during the last quarter.

About Schwab Short-Term U.S. Treasury ETF

(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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