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

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) shares hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $23.79 and last traded at $23.7950, with a volume of 241510 shares traded. The stock had previously closed at $23.86.

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

The firm’s 50 day simple moving average is $24.01 and its 200 day simple moving average is $24.11.

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

A number of large investors have recently made changes to their positions in SCHO. Avior Wealth Management LLC lifted its stake in Schwab Short-Term U.S. Treasury ETF by 2.4% in the second quarter. Avior Wealth Management LLC now owns 1,083,719 shares of the company’s stock worth $26,161,000 after purchasing an additional 25,548 shares during the last quarter. Johnson Financial Group LLC grew its stake in shares of Schwab Short-Term U.S. Treasury ETF by 64.4% during the fourth quarter. Johnson Financial Group LLC now owns 168,497 shares of the company’s stock valued at $4,106,000 after buying an additional 66,025 shares during the last quarter. Three Seasons Wealth LLC bought a new position in shares of Schwab Short-Term U.S. Treasury ETF during the first quarter valued at approximately $622,000. Dock Street Asset Management Inc. raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 24.0% in the first quarter. Dock Street Asset Management Inc. now owns 403,061 shares of the company’s stock worth $9,782,000 after buying an additional 77,939 shares during the period. Finally, Momentum Wealth Planning LLC raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 51.0% in the first quarter. Momentum Wealth Planning LLC now owns 400,329 shares of the company’s stock worth $9,716,000 after buying an additional 135,274 shares during the period.

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.