Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Trading Down 0.1% – Here’s What Happened

Shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) dropped 0.1% during trading on Thursday . The company traded as low as $24.19 and last traded at $24.19. Approximately 1,410,104 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 2,547,292 shares. The stock had previously closed at $24.21.

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

The business’s 50-day simple moving average is $24.22 and its two-hundred day simple moving average is $24.23.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. increased its holdings in Schwab Short-Term U.S. Treasury ETF by 92.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 23,620 shares of the company’s stock valued at $1,137,000 after buying an additional 11,330 shares during the last quarter. Blue Trust Inc. raised its position in shares of Schwab Short-Term U.S. Treasury ETF by 465.2% during the 2nd quarter. Blue Trust Inc. now owns 2,419 shares of the company’s stock valued at $117,000 after acquiring an additional 1,991 shares in the last quarter. Raymond James & Associates lifted its stake in Schwab Short-Term U.S. Treasury ETF by 0.7% during the second quarter. Raymond James & Associates now owns 112,412 shares of the company’s stock worth $5,410,000 after purchasing an additional 770 shares during the last quarter. Williams Financial LLC lifted its stake in Schwab Short-Term U.S. Treasury ETF by 6,167.9% during the second quarter. Williams Financial LLC now owns 23,978,250 shares of the company’s stock worth $1,150,042,000 after purchasing an additional 23,595,691 shares during the last quarter. Finally, Western Wealth Management LLC boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 11.0% in the second quarter. Western Wealth Management LLC now owns 11,305 shares of the company’s stock worth $544,000 after purchasing an additional 1,123 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.