Bank of New York Mellon Corp Boosts Position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Bank of New York Mellon Corp grew its stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 51.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,469 shares of the company’s stock after buying an additional 13,834 shares during the period. Bank of New York Mellon Corp’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $974,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kennebec Savings Bank increased its stake in Schwab Short-Term U.S. Treasury ETF by 100.0% in the 4th quarter. Kennebec Savings Bank now owns 1,072 shares of the company’s stock worth $26,000 after acquiring an additional 536 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF during the fourth quarter worth about $26,000. Aspect Partners LLC bought a new position in shares of Schwab Short-Term U.S. Treasury ETF in the fourth quarter worth approximately $26,000. Spire Wealth Management raised its stake in 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 in the last quarter. Finally, Sound Income Strategies LLC lifted its position in Schwab Short-Term U.S. Treasury ETF by 213.3% during 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 last quarter.

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

NYSEARCA SCHO opened at $24.29 on Wednesday. The stock’s 50-day simple moving average is $24.22 and its two-hundred day simple moving average is $24.24. Schwab Short-Term U.S. Treasury ETF has a twelve month low of $23.85 and a twelve month high of $24.54.

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.