Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Sets New 52-Week Low – Should You Sell?

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) hit a new 52-week low during trading on Monday . The stock traded as low as $24.02 and last traded at $24.02, with a volume of 374886 shares traded. The stock had previously closed at $24.10.

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

The company’s 50-day moving average price is $24.10 and its 200 day moving average price is $24.22.

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

Several institutional investors and hedge funds have recently bought and sold shares of SCHO. Bank of America Corp DE grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 3.2% during the 4th quarter. Bank of America Corp DE now owns 122,501,159 shares of the company’s stock worth $2,985,353,000 after acquiring an additional 3,835,325 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 5.7% in the 2nd 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. JPMorgan Chase & Co. lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 6.9% in the 4th quarter. JPMorgan Chase & Co. now owns 21,107,647 shares of the company’s stock valued at $514,393,000 after purchasing an additional 1,357,429 shares during the period. Valpey Financial Services LLC boosted its position in shares of Schwab Short-Term U.S. Treasury ETF by 2,499.8% during the fourth quarter. Valpey Financial Services LLC now owns 5,246,793 shares of the company’s stock valued at $127,864,000 after purchasing an additional 5,044,981 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Schwab Short-Term U.S. Treasury ETF by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 4,104,187 shares of the company’s stock valued at $99,609,000 after purchasing an additional 227,884 shares in 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.