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

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHOGet Free Report)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $23.86 and last traded at $23.8650, with a volume of 471774 shares traded. The stock had previously closed at $23.90.

Schwab Short-Term U.S. Treasury ETF Trading Down 0.2%

The stock’s 50 day moving average is $24.04 and its 200 day moving average is $24.13.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. NBT Bank N A NY increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 5,325.0% during the 1st quarter. NBT Bank N A NY now owns 1,302 shares of the company’s stock valued at $32,000 after acquiring an additional 1,278 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new position in Schwab Short-Term U.S. Treasury ETF during the first quarter valued at approximately $34,000. Continuum Advisory LLC bought a new position in shares of Schwab Short-Term U.S. Treasury ETF in the second quarter valued at approximately $38,000. Kennebec Savings Bank lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 78.2% in the first quarter. Kennebec Savings Bank now owns 1,900 shares of the company’s stock worth $46,000 after buying an additional 834 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the 4th quarter worth $48,000.

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.

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