Sherman Asset Management Inc. Makes New $834,000 Investment in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Sherman Asset Management Inc. purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,668 shares of the company’s stock, valued at approximately $834,000. Schwab Short-Term U.S. Treasury ETF makes up about 0.8% of Sherman Asset Management Inc.’s portfolio, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kennebec Savings Bank bought a new position in shares of Schwab Short-Term U.S. Treasury ETF in the third quarter valued at about $26,000. Golden State Wealth Management LLC bought a new position in shares of Schwab Short-Term U.S. Treasury ETF in the fourth quarter valued at about $26,000. Aspect Partners LLC bought a new position in shares of Schwab Short-Term U.S. Treasury ETF in the fourth quarter valued at about $26,000. Spire Wealth Management raised its position in shares of Schwab Short-Term U.S. Treasury ETF by 100.0% in the fourth quarter. Spire Wealth Management now owns 1,224 shares of the company’s stock valued at $29,000 after purchasing an additional 612 shares during the period. Finally, Sound Income Strategies LLC raised its position in shares of Schwab Short-Term U.S. Treasury ETF by 213.3% in the fourth quarter. Sound Income Strategies LLC now owns 1,269 shares of the company’s stock valued at $31,000 after purchasing an additional 864 shares during the period.

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

Shares of SCHO opened at $24.32 on Friday. The company’s 50-day moving average is $24.16 and its 200-day moving average is $24.25. Schwab Short-Term U.S. Treasury ETF has a fifty-two week low of $23.85 and a fifty-two week high of $24.53.

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.