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

Shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $23.86 and last traded at $23.8650, with a volume of 471774 shares trading hands. The stock had previously closed at $23.90.

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

The business has a 50 day moving average price of $24.04 and a 200 day moving average price of $24.13.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. NBT Bank N A NY grew its stake in shares of Schwab Short-Term U.S. Treasury ETF by 5,325.0% in the first quarter. NBT Bank N A NY now owns 1,302 shares of the company’s stock worth $32,000 after acquiring an additional 1,278 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new position in Schwab Short-Term U.S. Treasury ETF during the 1st quarter valued at $34,000. Continuum Advisory LLC bought a new stake in Schwab Short-Term U.S. Treasury ETF in the 2nd quarter valued at $38,000. Kennebec Savings Bank grew its position in Schwab Short-Term U.S. Treasury ETF by 78.2% in the 1st quarter. Kennebec Savings Bank now owns 1,900 shares of the company’s stock worth $46,000 after purchasing an additional 834 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Schwab Short-Term U.S. Treasury ETF in the 4th quarter worth $48,000.

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.