Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Hits New 1-Year Low – Should You Sell?

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) shares hit a new 52-week low on Wednesday . The stock traded as low as $24.04 and last traded at $24.05, with a volume of 195907 shares. The stock had previously closed at $24.14.

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

The stock has a fifty day moving average of $24.15 and a 200-day moving average of $24.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SCHO. Brighton Jones LLC lifted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 227.2% during the fourth quarter. Brighton Jones LLC now owns 18,449 shares of the company’s stock worth $444,000 after purchasing an additional 12,810 shares during the period. Diversify Advisory Services LLC acquired a new position in Schwab Short-Term U.S. Treasury ETF in the 2nd quarter valued at $2,798,000. Ameriprise Financial Inc. raised its position in 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 buying an additional 1,237,815 shares during the last quarter. BNP Paribas Financial Markets raised its position in Schwab Short-Term U.S. Treasury ETF by 17.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 444,031 shares of the company’s stock worth $10,825,000 after buying an additional 65,157 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its position in Schwab Short-Term U.S. Treasury ETF by 14.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 106,542 shares of the company’s stock worth $2,597,000 after buying an additional 13,456 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.