Momentum Wealth Planning LLC Has $9.72 Million Stake in Schwab Short-Term U.S. Treasury ETF $SCHO

Momentum Wealth Planning LLC lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 51.0% during the first quarter, Holdings Channel.com reports. The fund owned 400,329 shares of the company’s stock after purchasing an additional 135,274 shares during the period. Schwab Short-Term U.S. Treasury ETF accounts for about 8.6% of Momentum Wealth Planning LLC’s holdings, making the stock its 3rd biggest holding. Momentum Wealth Planning LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $9,716,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHO. CIBC Private Wealth Group LLC lifted its position in Schwab Short-Term U.S. Treasury ETF by 138.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,031 shares of the company’s stock worth $25,000 after purchasing an additional 599 shares during the period. Dorato Capital Management acquired a new position in shares of Schwab Short-Term U.S. Treasury ETF during the 4th quarter valued at $26,000. Simplex Trading LLC raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 5,315.0% in the 4th quarter. Simplex Trading LLC now owns 1,083 shares of the company’s stock worth $26,000 after buying an additional 1,063 shares in the last quarter. NBT Bank N A NY raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 5,325.0% in the 1st quarter. NBT Bank N A NY now owns 1,302 shares of the company’s stock worth $32,000 after buying an additional 1,278 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the 1st quarter worth $34,000.

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

Shares of Schwab Short-Term U.S. Treasury ETF stock opened at $24.10 on Friday. The business has a fifty day simple moving average of $24.11 and a 200-day simple moving average of $24.24. Schwab Short-Term U.S. Treasury ETF has a fifty-two week low of $24.04 and a fifty-two week high of $24.46.

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.