Birmingham Capital Management Co. Inc. AL Sells 30,000 Shares of Schwab Short-Term U.S. Treasury ETF $SCHO

Birmingham Capital Management Co. Inc. AL lessened its position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 29.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,000 shares of the company’s stock after selling 30,000 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $1,780,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its stake in Schwab Short-Term U.S. Treasury ETF by 2.3% during the 1st quarter. Ameriprise Financial Inc. now owns 21,839,892 shares of the company’s stock worth $531,926,000 after buying an additional 492,753 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 3.4% in the first quarter. JPMorgan Chase & Co. now owns 21,461,902 shares of the company’s stock worth $522,383,000 after acquiring an additional 699,740 shares in the last quarter. Jane Street Group LLC raised its position in shares of Schwab Short-Term U.S. Treasury ETF by 18,907.4% during the first quarter. Jane Street Group LLC now owns 11,903,400 shares of the company’s stock worth $289,729,000 after purchasing an additional 11,840,775 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 6.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,645,106 shares of the company’s stock valued at $186,082,000 after purchasing an additional 437,251 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its position in shares of Schwab Short-Term U.S. Treasury ETF by 4.3% in the 1st quarter. Wealthfront Advisers LLC now owns 3,916,163 shares of the company’s stock valued at $95,319,000 after purchasing an additional 160,299 shares during the period.

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

NYSEARCA SCHO opened at $24.44 on Monday. The business has a 50 day simple moving average of $24.38 and a 200 day simple moving average of $24.32. Schwab Short-Term U.S. Treasury ETF has a 52-week low of $24.06 and a 52-week high of $24.47.

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.