Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Stake Reduced by Morningstar Investment Management LLC

Morningstar Investment Management LLC cut its holdings in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 9.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,890,735 shares of the company’s stock after selling 196,339 shares during the quarter. Schwab Short-Term U.S. Treasury ETF accounts for about 3.6% of Morningstar Investment Management LLC’s portfolio, making the stock its 10th largest holding. Morningstar Investment Management LLC owned about 0.87% of Schwab Short-Term U.S. Treasury ETF worth $45,491,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC acquired a new stake in Schwab Short-Term U.S. Treasury ETF during the third quarter worth about $423,782,000. Bank of Montreal Can boosted its position in Schwab Short-Term U.S. Treasury ETF by 15,996.5% in the 3rd quarter. Bank of Montreal Can now owns 2,607,963 shares of the company’s stock worth $127,921,000 after purchasing an additional 2,591,761 shares in the last quarter. MCF Advisors LLC grew its stake in shares of Schwab Short-Term U.S. Treasury ETF by 133.5% during the 4th quarter. MCF Advisors LLC now owns 2,929,208 shares of the company’s stock worth $70,477,000 after purchasing an additional 1,674,798 shares during the period. West Coast Financial LLC increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 162.2% during the 4th quarter. West Coast Financial LLC now owns 2,457,475 shares of the company’s stock valued at $59,127,000 after purchasing an additional 1,520,253 shares in the last quarter. Finally, Bangor Savings Bank lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 109.2% in the 4th quarter. Bangor Savings Bank now owns 1,666,108 shares of the company’s stock valued at $40,087,000 after purchasing an additional 869,727 shares during the period.

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

Shares of NYSEARCA SCHO opened at $24.17 on Thursday. The company’s fifty day moving average price is $24.15 and its 200 day moving average price is $24.25. Schwab Short-Term U.S. Treasury ETF has a 1 year low of $23.85 and a 1 year high of $24.53.

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.