Independent Advisor Alliance Takes $891,000 Position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Independent Advisor Alliance bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,018 shares of the company’s stock, valued at approximately $891,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC bought a new position in shares of Schwab Short-Term U.S. Treasury ETF during the 3rd quarter valued at approximately $423,782,000. Stifel Financial Corp boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 4.4% in the 3rd quarter. Stifel Financial Corp now owns 2,999,027 shares of the company’s stock worth $146,894,000 after buying an additional 127,669 shares during the period. MCF Advisors LLC boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 133.5% in the 4th quarter. MCF Advisors LLC now owns 2,929,208 shares of the company’s stock worth $70,477,000 after buying an additional 1,674,798 shares during the period. Bank of Montreal Can boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 15,996.5% in the 3rd quarter. Bank of Montreal Can now owns 2,607,963 shares of the company’s stock worth $127,921,000 after buying an additional 2,591,761 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 92.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,518,362 shares of the company’s stock worth $60,592,000 after buying an additional 1,210,645 shares during the period.

Schwab Short-Term U.S. Treasury ETF Stock Down 0.2 %

SCHO opened at $24.25 on Friday. The company has a 50 day moving average of $24.20 and a 200 day moving average of $24.25. Schwab Short-Term U.S. Treasury ETF has a 12 month low of $23.85 and a 12 month high of $24.54.

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.