Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Reaches New 52-Week High at $49.04

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $49.04 and last traded at $49.03, with a volume of 629777 shares traded. The stock had previously closed at $49.02.

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

The firm has a 50-day simple moving average of $48.66 and a 200-day simple moving average of $48.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Williams Financial LLC increased its holdings in Schwab Short-Term U.S. Treasury ETF by 6,167.9% in the 2nd quarter. Williams Financial LLC now owns 23,978,250 shares of the company’s stock worth $1,150,042,000 after acquiring an additional 23,595,691 shares in the last quarter. Sei Investments Co. boosted its position in shares of Schwab Short-Term U.S. Treasury ETF by 12.5% in the first quarter. Sei Investments Co. now owns 7,454,433 shares of the company’s stock worth $359,379,000 after purchasing an additional 827,234 shares during the period. Fiduciary Financial Group LLC purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the second quarter worth $31,977,000. LPL Financial LLC increased its stake in shares of Schwab Short-Term U.S. Treasury ETF by 60.8% in the second quarter. LPL Financial LLC now owns 1,678,323 shares of the company’s stock worth $80,778,000 after purchasing an additional 634,343 shares in the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the 1st quarter valued at $27,313,000.

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.