Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Hits New 1-Year Low – Here’s Why

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $24.03 and last traded at $24.03, with a volume of 135985 shares traded. The stock had previously closed at $24.05.

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

The company has a 50 day moving average of $24.11 and a 200 day moving average of $24.24.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SCHO. Measured Wealth Private Client Group LLC grew its holdings in Schwab Short-Term U.S. Treasury ETF by 25.7% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,107 shares of the company’s stock valued at $51,000 after buying an additional 431 shares in the last quarter. Bank of Marin lifted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 0.5% during the fourth quarter. Bank of Marin now owns 81,095 shares of the company’s stock worth $1,976,000 after buying an additional 432 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 0.6% during the first quarter. Diversified Trust Co now owns 70,165 shares of the company’s stock worth $1,703,000 after buying an additional 444 shares in the last quarter. Birchbrook Inc. boosted its position in shares of Schwab Short-Term U.S. Treasury ETF by 2.5% in the second quarter. Birchbrook Inc. now owns 18,408 shares of the company’s stock valued at $444,000 after acquiring an additional 448 shares during the period. Finally, Sherman Asset Management Inc. grew its stake in shares of Schwab Short-Term U.S. Treasury ETF by 1.2% in the second quarter. Sherman Asset Management Inc. now owns 38,821 shares of the company’s stock valued at $946,000 after acquiring an additional 464 shares in 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.