Somerset Group LLC Lowers Holdings in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Somerset Group LLC trimmed its stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 14.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,553 shares of the company’s stock after selling 1,787 shares during the period. Somerset Group LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $508,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Williams Financial LLC boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 6,167.9% during the 2nd quarter. Williams Financial LLC now owns 23,978,250 shares of the company’s stock worth $1,150,042,000 after acquiring an additional 23,595,691 shares in the last quarter. Sei Investments Co. grew its holdings in Schwab Short-Term U.S. Treasury ETF by 12.5% in the first quarter. Sei Investments Co. now owns 7,454,433 shares of the company’s stock valued at $359,379,000 after purchasing an additional 827,234 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Schwab Short-Term U.S. Treasury ETF by 6.1% in the second quarter. Envestnet Asset Management Inc. now owns 3,190,119 shares of the company’s stock valued at $153,540,000 after buying an additional 182,056 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 3.8% during the 4th quarter. Stifel Financial Corp now owns 2,399,129 shares of the company’s stock worth $116,239,000 after buying an additional 86,887 shares during the period. Finally, Clearwater Capital Advisors LLC grew its stake in Schwab Short-Term U.S. Treasury ETF by 1.4% in the 2nd quarter. Clearwater Capital Advisors LLC now owns 1,720,326 shares of the company’s stock valued at $82,799,000 after acquiring an additional 24,054 shares during the period.

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

Shares of NYSEARCA SCHO opened at $48.95 on Thursday. Schwab Short-Term U.S. Treasury ETF has a one year low of $47.65 and a one year high of $49.04. The firm has a fifty day moving average of $48.63 and a 200 day moving average of $48.23.

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.