Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Reaches New 12-Month Low – Time to Sell?

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $24.07 and last traded at $24.07, with a volume of 1519613 shares. The stock had previously closed at $24.11.

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

The company has a 50 day simple moving average of $24.20 and a two-hundred day simple moving average of $24.30.

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

Several institutional investors and hedge funds have recently bought and sold shares of SCHO. Bank of America Corp DE grew its stake in Schwab Short-Term U.S. Treasury ETF by 8.8% during the 3rd quarter. Bank of America Corp DE now owns 118,665,834 shares of the company’s stock valued at $2,895,446,000 after acquiring an additional 9,578,278 shares in the last quarter. Valpey Financial Services LLC grew its stake in 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 in the last quarter. Willis Johnson & Associates Inc. purchased a new position in Schwab Short-Term U.S. Treasury ETF during the 4th quarter valued at about $33,121,000. JPMorgan Chase & Co. grew its stake 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 valued at $514,393,000 after acquiring an additional 1,357,429 shares in the last quarter. Finally, Blackhawk Capital Partners LLC bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the 1st quarter valued at approximately $30,128,000.

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.