Spinnaker Investment Group LLC Boosts Stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Spinnaker Investment Group LLC grew its holdings in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 437.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 35,985 shares of the company’s stock after buying an additional 29,295 shares during the period. Spinnaker Investment Group LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $866,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC purchased a new position in Schwab Short-Term U.S. Treasury ETF during the third quarter worth about $423,782,000. Stifel Financial Corp boosted its position in shares of Schwab Short-Term U.S. Treasury ETF by 4.4% during the 3rd quarter. Stifel Financial Corp now owns 2,999,027 shares of the company’s stock worth $146,894,000 after purchasing an additional 127,669 shares during the period. MCF Advisors LLC increased its holdings in Schwab Short-Term U.S. Treasury ETF by 133.5% in the 4th quarter. MCF Advisors LLC now owns 2,929,208 shares of the company’s stock valued at $70,477,000 after purchasing an additional 1,674,798 shares during the last quarter. Bank of Montreal Can raised its position in Schwab Short-Term U.S. Treasury ETF by 15,996.5% in the third quarter. Bank of Montreal Can now owns 2,607,963 shares of the company’s stock valued at $127,921,000 after purchasing an additional 2,591,761 shares during the period. Finally, West Coast Financial LLC boosted its position in shares of Schwab Short-Term U.S. Treasury ETF by 162.2% during the fourth quarter. West Coast Financial LLC now owns 2,457,475 shares of the company’s stock worth $59,127,000 after buying an additional 1,520,253 shares during the period.

Schwab Short-Term U.S. Treasury ETF Stock Up 0.1 %

Shares of NYSEARCA SCHO opened at $24.19 on Friday. The stock has a fifty day simple moving average of $24.16 and a 200-day simple moving average of $24.25. Schwab Short-Term U.S. Treasury ETF has a twelve month low of $23.85 and a twelve month high of $24.53.

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.