Breakwater Investment Management Grows Stock Position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Breakwater Investment Management raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 58.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,221 shares of the company’s stock after acquiring an additional 48,909 shares during the quarter. Schwab Short-Term U.S. Treasury ETF makes up 1.3% of Breakwater Investment Management’s investment portfolio, making the stock its 20th largest position. Breakwater Investment Management owned approximately 0.06% of Schwab Short-Term U.S. Treasury ETF worth $3,181,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHO. Jane Street Group LLC purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF during the 3rd quarter worth approximately $423,782,000. Stifel Financial Corp increased its position in Schwab Short-Term U.S. Treasury ETF by 4.4% during the third quarter. Stifel Financial Corp now owns 2,999,027 shares of the company’s stock worth $146,894,000 after buying an additional 127,669 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of 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 worth $127,921,000 after acquiring an additional 2,591,761 shares during the last quarter. West Coast Financial LLC lifted its position in shares of Schwab Short-Term U.S. Treasury ETF by 162.2% in the fourth quarter. West Coast Financial LLC now owns 2,457,475 shares of the company’s stock valued at $59,127,000 after acquiring an additional 1,520,253 shares in the last quarter. Finally, Bangor Savings Bank boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 109.2% during the fourth quarter. Bangor Savings Bank now owns 1,666,108 shares of the company’s stock valued at $40,087,000 after acquiring an additional 869,727 shares during the last quarter.

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

Shares of SCHO stock opened at $24.17 on Tuesday. The firm has a 50-day moving average price of $24.15 and a 200 day moving average price 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.

Schwab Short-Term U.S. Treasury ETF Company 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.