Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Sets New 52-Week Low – What’s Next?

Shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) hit a new 52-week low on Tuesday . The company traded as low as $24.04 and last traded at $24.05, with a volume of 2955174 shares trading hands. The stock had previously closed at $24.07.

Schwab Short-Term U.S. Treasury ETF Stock Down 0.1%

The firm has a 50 day simple moving average of $24.12 and a 200-day simple moving average of $24.25.

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

A number of institutional investors have recently modified their holdings of SCHO. Allworth Financial LP increased its position in Schwab Short-Term U.S. Treasury ETF by 21.2% during the 3rd quarter. Allworth Financial LP now owns 147,567 shares of the company’s stock valued at $3,601,000 after buying an additional 25,830 shares in the last quarter. Access Financial Services Inc. increased its holdings in Schwab Short-Term U.S. Treasury ETF by 2.6% in the 4th quarter. Access Financial Services Inc. now owns 1,381,585 shares of the company’s stock worth $33,669,000 after buying an additional 34,836 shares during the period. Merit Financial Group LLC increased its stake in shares of Schwab Short-Term U.S. Treasury ETF by 20.9% in the fourth quarter. Merit Financial Group LLC now owns 1,889,316 shares of the company’s stock worth $46,043,000 after acquiring an additional 327,024 shares during the period. Triad Wealth Partners LLC acquired a new stake in Schwab Short-Term U.S. Treasury ETF during the 4th quarter worth about $9,879,000. Finally, Carnegie Investment Counsel grew its holdings in Schwab Short-Term U.S. Treasury ETF by 879.4% during the fourth quarter. Carnegie Investment Counsel now owns 96,010 shares of the company’s stock worth $2,340,000 after acquiring an additional 86,207 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.