Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Sets New 1-Year Low – What’s Next?

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) hit a new 52-week low on Thursday . The company traded as low as $23.96 and last traded at $23.9550, with a volume of 327078 shares. The stock had previously closed at $24.00.

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

The company’s 50 day moving average price is $24.07 and its 200 day moving average price is $24.16.

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

Large investors have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in 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 purchasing an additional 3,835,325 shares during the last quarter. Ameriprise Financial Inc. grew its holdings 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 acquiring an additional 1,237,815 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 1,357,429 shares during the period. Valpey Financial Services LLC raised 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. Finally, MCF Advisors LLC lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 60.8% in the 2nd quarter. MCF Advisors LLC now owns 4,431,584 shares of the company’s stock valued at $106,978,000 after purchasing an additional 1,676,213 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.