WorthPointe LLC Cuts Position in Schwab Short-Term U.S. Treasury ETF $SCHO

WorthPointe LLC trimmed its stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 43.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,491 shares of the company’s stock after selling 35,426 shares during the period. WorthPointe LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $1,122,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SCHO. Bank of America Corp DE raised its holdings in Schwab Short-Term U.S. Treasury ETF by 3.2% in the fourth quarter. Bank of America Corp DE now owns 122,501,159 shares of the company’s stock worth $2,985,353,000 after purchasing an additional 3,835,325 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 5.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 23,077,707 shares of the company’s stock valued at $570,775,000 after buying an additional 1,237,815 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 6.9% in the 4th quarter. JPMorgan Chase & Co. now owns 21,107,647 shares of the company’s stock valued at $514,393,000 after buying an additional 1,357,429 shares in the last quarter. Valpey Financial Services LLC grew its position in shares of Schwab Short-Term U.S. Treasury ETF by 2,499.8% in the 4th quarter. Valpey Financial Services LLC now owns 5,246,793 shares of the company’s stock worth $127,864,000 after buying an additional 5,044,981 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Schwab Short-Term U.S. Treasury ETF by 5.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,104,187 shares of the company’s stock worth $99,609,000 after buying an additional 227,884 shares during the last quarter.

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

NYSEARCA SCHO opened at $23.99 on Thursday. Schwab Short-Term U.S. Treasury ETF has a 52 week low of $23.98 and a 52 week high of $24.46. The company has a 50 day moving average price of $24.08 and a 200 day moving average price of $24.17.

Schwab Short-Term U.S. Treasury ETF 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.