Sheets Smith Wealth Management Sells 612 Shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Sheets Smith Wealth Management reduced its holdings in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,998 shares of the company’s stock after selling 612 shares during the period. Sheets Smith Wealth Management’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $3,779,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James & Associates raised its stake in Schwab Short-Term U.S. Treasury ETF by 1.4% during the third quarter. Raymond James & Associates now owns 124,667 shares of the company’s stock worth $5,970,000 after acquiring an additional 1,728 shares in the last quarter. Brown Advisory Inc. acquired a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the 3rd quarter worth about $1,097,000. ETF Store Inc. increased its position in shares of Schwab Short-Term U.S. Treasury ETF by 19.7% during the 3rd quarter. ETF Store Inc. now owns 97,629 shares of the company’s stock worth $4,657,000 after purchasing an additional 16,046 shares in the last quarter. Cambridge Trust Co. lifted its holdings in Schwab Short-Term U.S. Treasury ETF by 8.4% during the 3rd quarter. Cambridge Trust Co. now owns 19,345 shares of the company’s stock valued at $926,000 after purchasing an additional 1,503 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Schwab Short-Term U.S. Treasury ETF by 26.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 298,797 shares of the company’s stock valued at $14,309,000 after buying an additional 62,018 shares in the last quarter.

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

Shares of NYSEARCA SCHO traded up $0.07 during mid-day trading on Friday, hitting $47.93. 1,029,679 shares of the stock were exchanged, compared to its average volume of 1,715,022. Schwab Short-Term U.S. Treasury ETF has a twelve month low of $47.65 and a twelve month high of $48.98. The stock’s fifty day simple moving average is $48.03 and its two-hundred day simple moving average is $48.15.

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.