Morningstar Investment Management LLC cut its holdings in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO – Free Report) by 14.6% in the second quarter, HoldingsChannel.com reports. The firm owned 1,681,738 shares of the company’s stock after selling 288,391 shares during the quarter. Schwab Short-Term U.S. Treasury ETF accounts for about 3.6% of Morningstar Investment Management LLC’s investment portfolio, making the stock its 9th largest holding. Morningstar Investment Management LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $41,001,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of SCHO. Morling Financial Advisors LLC purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF during the 1st quarter worth $25,000. Rossby Financial LCC purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF during the 1st quarter worth $26,000. von Borstel & Associates Inc. purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF during the 1st quarter worth $27,000. Cooksen Wealth LLC acquired a new position in Schwab Short-Term U.S. Treasury ETF during the 1st quarter worth about $32,000. Finally, GSB Wealth Management LLC lifted its stake in Schwab Short-Term U.S. Treasury ETF by 95.9% during the 2nd quarter. GSB Wealth Management LLC now owns 1,336 shares of the company’s stock worth $33,000 after acquiring an additional 654 shares in the last quarter.
Schwab Short-Term U.S. Treasury ETF Price Performance
SCHO opened at $24.40 on Tuesday. The stock’s 50-day moving average price is $24.37 and its 200 day moving average price is $24.32. Schwab Short-Term U.S. Treasury ETF has a 12-month low of $24.06 and a 12-month high of $24.47.
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.
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Want to see what other hedge funds are holding SCHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO – Free Report).
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