Morningstar Investment Management LLC Trims Position in Schwab Short-Term U.S. Treasury ETF $SCHO

Morningstar Investment Management LLC lowered its stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 6.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,613,491 shares of the company’s stock after selling 113,181 shares during the period. Schwab Short-Term U.S. Treasury ETF makes up approximately 2.4% of Morningstar Investment Management LLC’s portfolio, making the stock its 7th biggest holding. Morningstar Investment Management LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $39,159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CIBC Private Wealth Group LLC boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 138.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,031 shares of the company’s stock valued at $25,000 after acquiring an additional 599 shares during the period. Dorato Capital Management purchased a new position in Schwab Short-Term U.S. Treasury ETF in the 4th quarter worth approximately $26,000. Simplex Trading LLC lifted its position in Schwab Short-Term U.S. Treasury ETF by 5,315.0% in the fourth quarter. Simplex Trading LLC now owns 1,083 shares of the company’s stock valued at $26,000 after purchasing an additional 1,063 shares during the last quarter. NBT Bank N A NY boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 5,325.0% during the first quarter. NBT Bank N A NY now owns 1,302 shares of the company’s stock valued at $32,000 after purchasing an additional 1,278 shares during the period. Finally, Physician Wealth Advisors Inc. purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the first quarter valued at approximately $34,000.

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

Shares of Schwab Short-Term U.S. Treasury ETF stock opened at $24.06 on Friday. Schwab Short-Term U.S. Treasury ETF has a 52-week low of $24.03 and a 52-week high of $24.46. The company’s 50 day moving average price is $24.11 and its 200-day moving average price is $24.23.

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.