Bank of America Corp DE Sells 11,783,851 Shares of Schwab Short-Term U.S. Treasury ETF $SCHO

Bank of America Corp DE lessened its holdings in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 9.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 110,717,308 shares of the company’s stock after selling 11,783,851 shares during the period. Bank of America Corp DE owned 21.52% of Schwab Short-Term U.S. Treasury ETF worth $2,687,109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SCHO. Valpey Financial Services LLC boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 2,499.8% in the fourth quarter. Valpey Financial Services LLC now owns 5,246,793 shares of the company’s stock worth $127,864,000 after acquiring an additional 5,044,981 shares during the period. Willis Johnson & Associates Inc. bought a new stake in Schwab Short-Term U.S. Treasury ETF during the 4th quarter valued at approximately $33,121,000. JPMorgan Chase & Co. raised its stake in Schwab Short-Term U.S. Treasury ETF by 6.9% during the 4th quarter. JPMorgan Chase & Co. now owns 21,107,647 shares of the company’s stock valued at $514,393,000 after purchasing an additional 1,357,429 shares during the period. Blackhawk Capital Partners LLC purchased a new position in Schwab Short-Term U.S. Treasury ETF in the 1st quarter worth approximately $30,128,000. Finally, Ameriprise Financial Inc. lifted its holdings in 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 worth $570,775,000 after purchasing an additional 1,237,815 shares in the last quarter.

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

SCHO stock opened at $24.09 on Thursday. Schwab Short-Term U.S. Treasury ETF has a 1-year low of $24.03 and a 1-year high of $24.46. The business has a 50 day simple moving average of $24.10 and a two-hundred day simple moving average of $24.23.

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.