Breakwater Investment Management Sells 8,516 Shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Breakwater Investment Management trimmed its position in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 8.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,065 shares of the company’s stock after selling 8,516 shares during the quarter. Schwab Short-Term U.S. Treasury ETF accounts for 1.9% of Breakwater Investment Management’s investment portfolio, making the stock its 18th largest holding. Breakwater Investment Management’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $4,190,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SCHO. Bigelow Investment Advisors LLC lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 4.2% in the second quarter. Bigelow Investment Advisors LLC now owns 43,473 shares of the company’s stock valued at $2,092,000 after buying an additional 1,748 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 6.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,190,119 shares of the company’s stock worth $153,540,000 after acquiring an additional 182,056 shares during the last quarter. Kuhn & Co Investment Counsel lifted its position in Schwab Short-Term U.S. Treasury ETF by 1.4% in the 2nd quarter. Kuhn & Co Investment Counsel now owns 19,513 shares of the company’s stock valued at $939,000 after acquiring an additional 265 shares in the last quarter. Hardin Capital Partners LLC acquired a new position in Schwab Short-Term U.S. Treasury ETF during the 2nd quarter valued at about $361,000. Finally, Pinkerton Retirement Specialists LLC increased its holdings in Schwab Short-Term U.S. Treasury ETF by 5.6% during the 2nd quarter. Pinkerton Retirement Specialists LLC now owns 32,324 shares of the company’s stock worth $1,556,000 after purchasing an additional 1,725 shares in the last quarter.

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

SCHO stock opened at $48.98 on Friday. Schwab Short-Term U.S. Treasury ETF has a twelve month low of $47.65 and a twelve month high of $48.99. The stock’s 50 day moving average is $48.57 and its 200-day moving average is $48.21.

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.