Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Hits New 1-Year Low – Here’s Why

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $24.03 and last traded at $24.03, with a volume of 135985 shares changing hands. The stock had previously closed at $24.05.

Schwab Short-Term U.S. Treasury ETF Trading Down 0.0%

The stock’s 50-day simple moving average is $24.11 and its 200-day simple moving average is $24.24.

Institutional Investors Weigh In On Schwab Short-Term U.S. Treasury ETF

A number of large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in Schwab Short-Term U.S. Treasury ETF by 3.2% in the 4th quarter. Bank of America Corp DE now owns 122,501,159 shares of the company’s stock valued at $2,985,353,000 after acquiring an additional 3,835,325 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 5.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 23,077,707 shares of the company’s stock worth $570,775,000 after purchasing an additional 1,237,815 shares in the last quarter. JPMorgan Chase & Co. grew its holdings 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 worth $514,393,000 after purchasing an additional 1,357,429 shares in the last quarter. Valpey Financial Services LLC grew its holdings 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 worth $127,864,000 after purchasing an additional 5,044,981 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Schwab Short-Term U.S. Treasury ETF by 5.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,104,187 shares of the company’s stock worth $99,609,000 after purchasing an additional 227,884 shares during the period.

About Schwab Short-Term U.S. Treasury ETF

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.