Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Hits New 12-Month Low – Here’s What Happened

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHOGet Free Report)’s share price reached a new 52-week low on Thursday . The stock traded as low as $24.18 and last traded at $24.19, with a volume of 2396003 shares changing hands. The stock had previously closed at $24.22.

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

The business has a 50-day moving average of $24.35 and a 200-day moving average of $24.37.

Schwab Short-Term U.S. Treasury ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a $0.0707 dividend. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, March 2nd.

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

A number of institutional investors have recently modified their holdings of SCHO. Smartleaf Asset Management LLC boosted its stake in Schwab Short-Term U.S. Treasury ETF by 235.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,023 shares of the company’s stock worth $25,000 after purchasing an additional 718 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 138.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,031 shares of the company’s stock valued at $25,000 after buying an additional 599 shares during the last quarter. Dorato Capital Management acquired a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the fourth quarter worth about $26,000. Simplex Trading LLC boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 5,315.0% during the fourth quarter. Simplex Trading LLC now owns 1,083 shares of the company’s stock worth $26,000 after buying an additional 1,063 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF during the third quarter worth about $30,000.

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.

Further Reading

Receive News & Ratings for Schwab Short-Term U.S. Treasury ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab Short-Term U.S. Treasury ETF and related companies with MarketBeat.com's FREE daily email newsletter.