Meritage Portfolio Management Cuts Stock Holdings in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Meritage Portfolio Management reduced its stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 5.5% during the 4th quarter, HoldingsChannel reports. The firm owned 107,457 shares of the company’s stock after selling 6,247 shares during the quarter. Meritage Portfolio Management’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $5,206,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Stifel Financial Corp raised its position in Schwab Short-Term U.S. Treasury ETF by 1.6% in the third quarter. Stifel Financial Corp now owns 2,312,242 shares of the company’s stock valued at $110,734,000 after purchasing an additional 37,402 shares during the period. Wealthfront Advisers LLC increased its holdings in Schwab Short-Term U.S. Treasury ETF by 583.8% in the third quarter. Wealthfront Advisers LLC now owns 2,412,867 shares of the company’s stock valued at $115,552,000 after buying an additional 2,060,004 shares during the last quarter. Western Wealth Management LLC increased its holdings in Schwab Short-Term U.S. Treasury ETF by 69.1% in the fourth quarter. Western Wealth Management LLC now owns 26,230 shares of the company’s stock valued at $1,271,000 after buying an additional 10,720 shares during the last quarter. Financial Gravity Asset Management Inc. increased its holdings in Schwab Short-Term U.S. Treasury ETF by 3,381.3% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,671 shares of the company’s stock valued at $80,000 after buying an additional 1,623 shares during the last quarter. Finally, OneAscent Financial Services LLC boosted its stake in Schwab Short-Term U.S. Treasury ETF by 22.5% in the fourth quarter. OneAscent Financial Services LLC now owns 5,228 shares of the company’s stock valued at $253,000 after acquiring an additional 959 shares in the last quarter.

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

NYSEARCA:SCHO traded down $0.03 during mid-day trading on Thursday, reaching $47.88. The stock had a trading volume of 844,691 shares, compared to its average volume of 1,765,547. Schwab Short-Term U.S. Treasury ETF has a twelve month low of $47.65 and a twelve month high of $48.98. The business has a 50 day simple moving average of $48.08 and a 200 day simple moving average of $48.15.

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.