Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC raised its stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 143.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 469,058 shares of the company’s stock after purchasing an additional 276,477 shares during the period. Merit Financial Group LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $11,286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHO. Hart & Patterson Financial Group LLC raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 1.4% in the 3rd quarter. Hart & Patterson Financial Group LLC now owns 27,454 shares of the company’s stock valued at $1,345,000 after buying an additional 374 shares during the period. Lummis Asset Management LP grew its position in Schwab Short-Term U.S. Treasury ETF by 1.1% in the 2nd quarter. Lummis Asset Management LP now owns 37,479 shares of the company’s stock valued at $1,804,000 after acquiring an additional 397 shares in the last quarter. Savvy Advisors Inc. increased its stake in Schwab Short-Term U.S. Treasury ETF by 1.9% during the third quarter. Savvy Advisors Inc. now owns 23,138 shares of the company’s stock worth $1,133,000 after purchasing an additional 430 shares during the period. Princeton Global Asset Management LLC lifted its position in shares of Schwab Short-Term U.S. Treasury ETF by 1.3% during the third quarter. Princeton Global Asset Management LLC now owns 32,927 shares of the company’s stock worth $1,613,000 after purchasing an additional 436 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 3.9% in the third quarter. Creative Financial Designs Inc. ADV now owns 12,436 shares of the company’s stock valued at $609,000 after purchasing an additional 467 shares during the period.

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

Shares of SCHO stock opened at $24.17 on Friday. Schwab Short-Term U.S. Treasury ETF has a fifty-two week low of $23.85 and a fifty-two week high of $24.53. The company has a 50 day moving average price of $24.15 and a 200 day moving average price of $24.25.

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.