Dravo Bay LLC raised its stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO – Free Report) by 16.5% in the second quarter, Holdings Channel reports. The institutional investor owned 31,566 shares of the company’s stock after buying an additional 4,481 shares during the quarter. Schwab Short-Term U.S. Treasury ETF accounts for about 0.8% of Dravo Bay LLC’s holdings, making the stock its 26th biggest position. Dravo Bay LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $1,519,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in the stock. Motco purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF in the 1st quarter worth about $31,000. Future Financial Wealth Managment LLC purchased a new position in Schwab Short-Term U.S. Treasury ETF in the first quarter worth about $50,000. Fifth Third Bancorp lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 24.6% in the second quarter. Fifth Third Bancorp now owns 1,184 shares of the company’s stock worth $57,000 after buying an additional 234 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the fourth quarter valued at approximately $87,000. Finally, Blue Trust Inc. grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 465.2% during the second quarter. Blue Trust Inc. now owns 2,419 shares of the company’s stock valued at $117,000 after buying an additional 1,991 shares during the last quarter.
Schwab Short-Term U.S. Treasury ETF Stock Performance
Shares of NYSEARCA SCHO opened at $49.01 on Tuesday. Schwab Short-Term U.S. Treasury ETF has a twelve month low of $47.65 and a twelve month high of $49.02. The company has a 50 day moving average of $48.59 and a 200 day moving average of $48.22.
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.
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Want to see what other hedge funds are holding SCHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO – Free Report).
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