Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Sees Large Volume Increase – Here’s Why

by · The Cerbat Gem

Shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO – Get Free Report) saw an uptick in trading volume on Wednesday . 6,038,240 shares traded hands during trading, an increase of 72% from the previous session’s volume of 3,505,869 shares.The stock last traded at $24.15 and had previously closed at $24.11.

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

The firm’s 50 day moving average is $24.23 and its 200 day moving average is $24.32.

Institutional Trading of Schwab Short-Term U.S. Treasury ETF

A number of institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in Schwab Short-Term U.S. Treasury ETF by 227.2% during the 4th quarter. Brighton Jones LLC now owns 18,449 shares of the company’s stock valued at $444,000 after acquiring an additional 12,810 shares during the period. Diversify Advisory Services LLC purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF during the 2nd quarter valued at approximately $2,798,000. Ameriprise Financial Inc. increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 5.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 23,077,707 shares of the company’s stock valued at $570,775,000 after purchasing an additional 1,237,815 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 17.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 444,031 shares of the company’s stock valued at $10,825,000 after purchasing an additional 65,157 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 14.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 106,542 shares of the company’s stock valued at $2,597,000 after purchasing an additional 13,456 shares in the last quarter.

Schwab Short-Term U.S. Treasury ETF Company Profile

(Get Free Report)

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.

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