L. Roy Papp & Associates LLP Increases Stock Position in Schwab Short-Term U.S. Treasury ETF $SCHO

L. Roy Papp & Associates LLP raised its position in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 1,218.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 176,047 shares of the company’s stock after purchasing an additional 162,697 shares during the period. L. Roy Papp & Associates LLP’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $4,290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SCHO. Bank of America Corp DE lifted its position in Schwab Short-Term U.S. Treasury ETF by 8.8% during the third quarter. Bank of America Corp DE now owns 118,665,834 shares of the company’s stock valued at $2,895,446,000 after buying an additional 9,578,278 shares during the period. Willis Johnson & Associates Inc. purchased a new position in Schwab Short-Term U.S. Treasury ETF during the fourth quarter valued at $33,121,000. Wealth Enhancement Advisory Services LLC lifted its position in Schwab Short-Term U.S. Treasury ETF by 89.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,744,373 shares of the company’s stock valued at $66,880,000 after buying an additional 1,292,926 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 5.7% during the second quarter. Ameriprise Financial Inc. now owns 23,077,707 shares of the company’s stock valued at $570,775,000 after purchasing an additional 1,237,815 shares during the last quarter. Finally, Access Financial Services Inc. lifted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 112.5% during the third quarter. Access Financial Services Inc. now owns 1,346,749 shares of the company’s stock valued at $32,861,000 after purchasing an additional 712,966 shares during the last quarter.

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

Shares of SCHO opened at $24.25 on Wednesday. The business’s 50 day moving average price is $24.30 and its 200-day moving average price is $24.35. Schwab Short-Term U.S. Treasury ETF has a 52 week low of $24.17 and a 52 week high of $24.47.

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.