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)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $24.19 and last traded at $24.20, with a volume of 506281 shares traded. The stock had previously closed at $24.25.

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

The firm’s 50 day moving average price is $24.36 and its two-hundred day moving average price is $24.37.

Schwab Short-Term U.S. Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were issued a $0.0707 dividend. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, March 2nd.

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

Several institutional investors have recently made changes to their positions in SCHO. Brighton Jones LLC increased its position in Schwab Short-Term U.S. Treasury ETF by 227.2% in the 4th quarter. Brighton Jones LLC now owns 18,449 shares of the company’s stock valued at $444,000 after buying an additional 12,810 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 88.7% in the second quarter. Rockefeller Capital Management L.P. now owns 166,119 shares of the company’s stock worth $4,050,000 after acquiring an additional 78,089 shares in the last quarter. Global Retirement Partners LLC bought a new position in Schwab Short-Term U.S. Treasury ETF in the second quarter worth approximately $1,674,000. Act Two Investors LLC grew its stake in Schwab Short-Term U.S. Treasury ETF by 9.8% in the second quarter. Act Two Investors LLC now owns 394,909 shares of the company’s stock valued at $9,628,000 after acquiring an additional 35,306 shares during the period. Finally, Burk Holdings LLC acquired a new stake in Schwab Short-Term U.S. Treasury ETF in the second quarter valued at approximately $934,000.

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.