Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Stock Price Down 0.1% – Should You Sell?

Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $24.26 and last traded at $24.26. Approximately 1,360,628 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 2,618,890 shares. The stock had previously closed at $24.28.

Schwab Short-Term U.S. Treasury ETF Stock Down 0.1 %

The company has a fifty day moving average price of $24.39 and a two-hundred day moving average price of $24.18.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Motco acquired a new stake in Schwab Short-Term U.S. Treasury ETF in the first quarter valued at about $31,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Schwab Short-Term U.S. Treasury ETF during the second quarter valued at about $51,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the third quarter worth approximately $51,000. Fifth Third Bancorp grew its stake in shares of Schwab Short-Term U.S. Treasury ETF by 24.6% in the 2nd quarter. Fifth Third Bancorp now owns 1,184 shares of the company’s stock worth $57,000 after acquiring an additional 234 shares in the last quarter. Finally, Marquette Asset Management LLC bought a new position in shares of Schwab Short-Term U.S. Treasury ETF during the 3rd quarter worth approximately $58,000.

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.