Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Sees Large Volume Increase – Here’s Why

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) saw an uptick in trading volume on Wednesday . 6,038,240 shares were traded during trading, an increase of 72% from the previous session’s volume of 3,505,869 shares.The stock last traded at $24.15 and had previously closed at $24.11.

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

The firm’s fifty day moving average price is $24.23 and its two-hundred day moving average price is $24.32.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in shares of Schwab Short-Term U.S. Treasury ETF by 8.8% during the 3rd quarter. Bank of America Corp DE now owns 118,665,834 shares of the company’s stock valued at $2,895,446,000 after acquiring an additional 9,578,278 shares during the last quarter. Valpey Financial Services LLC boosted its position in shares of Schwab Short-Term U.S. Treasury ETF by 2,499.8% during the 4th quarter. Valpey Financial Services LLC now owns 5,246,793 shares of the company’s stock valued at $127,864,000 after acquiring an additional 5,044,981 shares during the last quarter. Willis Johnson & Associates Inc. acquired a new position in shares of Schwab Short-Term U.S. Treasury ETF during the 4th quarter valued at about $33,121,000. JPMorgan Chase & Co. boosted its position in shares of Schwab Short-Term U.S. Treasury ETF by 6.9% during the 4th quarter. JPMorgan Chase & Co. now owns 21,107,647 shares of the company’s stock valued at $514,393,000 after acquiring an additional 1,357,429 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Schwab Short-Term U.S. Treasury ETF by 89.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,744,373 shares of the company’s stock valued at $66,880,000 after acquiring an additional 1,292,926 shares during the last quarter.

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.