Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Reaches New 52-Week Low – Here’s Why

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) shares reached a new 52-week low on Wednesday . The stock traded as low as $23.90 and last traded at $23.91, with a volume of 4067916 shares. The stock had previously closed at $23.92.

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

The business’s 50 day simple moving average is $24.05 and its 200-day simple moving average is $24.14.

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

A number of institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC grew its position in Schwab Short-Term U.S. Treasury ETF by 257.4% in the second quarter. Sequoia Financial Advisors LLC now owns 96,967 shares of the company’s stock valued at $2,341,000 after acquiring an additional 69,833 shares during the last quarter. MCF Advisors LLC boosted 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 in the last quarter. Capital Analysts LLC grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 20.5% during the 2nd quarter. Capital Analysts LLC now owns 6,804 shares of the company’s stock valued at $164,000 after purchasing an additional 1,156 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 15.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 297,944 shares of the company’s stock valued at $7,192,000 after purchasing an additional 39,494 shares during the last quarter. Finally, RFG Advisory LLC grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 9.4% during the 2nd quarter. RFG Advisory LLC now owns 9,926 shares of the company’s stock valued at $240,000 after purchasing an additional 855 shares during the last quarter.

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.