Bank of America Corp DE Sells 11,783,851 Shares of Schwab Short-Term U.S. Treasury ETF $SCHO

Bank of America Corp DE decreased its position in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 9.6% in the first quarter, HoldingsChannel reports. The firm owned 110,717,308 shares of the company’s stock after selling 11,783,851 shares during the quarter. Bank of America Corp DE owned 0.22% of Schwab Short-Term U.S. Treasury ETF worth $2,687,109,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SCHO. Royal Bank of Canada grew its holdings in Schwab Short-Term U.S. Treasury ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 519,253 shares of the company’s stock valued at $12,602,000 after buying an additional 2,662 shares in the last quarter. Waverly Advisors LLC increased its stake in Schwab Short-Term U.S. Treasury ETF by 73.4% in the 1st quarter. Waverly Advisors LLC now owns 1,521,242 shares of the company’s stock worth $36,921,000 after acquiring an additional 643,713 shares during the last quarter. Cumberland Partners Ltd raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 26.7% during the 1st quarter. Cumberland Partners Ltd now owns 46,048 shares of the company’s stock worth $1,118,000 after acquiring an additional 9,702 shares in the last quarter. Vivaldi Capital Management LP raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 2.3% during the 1st quarter. Vivaldi Capital Management LP now owns 555,616 shares of the company’s stock worth $13,485,000 after acquiring an additional 12,576 shares in the last quarter. Finally, Gibbs Wealth Management bought a new position in shares of Schwab Short-Term U.S. Treasury ETF during the 1st quarter valued at approximately $204,000.

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

SCHO stock opened at $24.09 on Thursday. The firm has a fifty day moving average price of $24.10 and a 200 day moving average price of $24.23. Schwab Short-Term U.S. Treasury ETF has a fifty-two week low of $24.03 and a fifty-two week high of $24.46.

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.