Studio Investment Management LLC Increases Position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Studio Investment Management LLC grew its position in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 14.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,974 shares of the company’s stock after purchasing an additional 11,427 shares during the period. Schwab Short-Term U.S. Treasury ETF makes up about 1.0% of Studio Investment Management LLC’s holdings, making the stock its 27th largest holding. Studio Investment Management LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $4,379,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Motco purchased a new position in Schwab Short-Term U.S. Treasury ETF during the 1st quarter valued at about $31,000. Future Financial Wealth Managment LLC purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF in the first quarter valued at approximately $50,000. Fifth Third Bancorp grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 24.6% in the second quarter. Fifth Third Bancorp now owns 1,184 shares of the company’s stock valued at $57,000 after purchasing an additional 234 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in Schwab Short-Term U.S. Treasury ETF during the 4th quarter worth approximately $87,000. Finally, Blue Trust Inc. increased its stake in Schwab Short-Term U.S. Treasury ETF by 465.2% during the 2nd quarter. Blue Trust Inc. now owns 2,419 shares of the company’s stock worth $117,000 after buying an additional 1,991 shares during the period.

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

Shares of SCHO stock opened at $48.94 on Wednesday. The firm has a 50 day moving average of $48.52 and a two-hundred day moving average of $48.19. Schwab Short-Term U.S. Treasury ETF has a 52 week low of $47.65 and a 52 week high of $48.94.

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.