L. Roy Papp & Associates LLP Decreases Position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

L. Roy Papp & Associates LLP trimmed its stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 25.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,579 shares of the company’s stock after selling 1,944 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $269,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Kestra Private Wealth Services LLC grew its holdings in Schwab Short-Term U.S. Treasury ETF by 115.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 54,833 shares of the company’s stock valued at $2,657,000 after purchasing an additional 29,402 shares in the last quarter. Stifel Financial Corp boosted its position in 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 acquiring an additional 86,887 shares during the period. Lindenwold Advisors INC grew its position in Schwab Short-Term U.S. Treasury ETF by 2.6% in the 4th quarter. Lindenwold Advisors INC now owns 37,850 shares of the company’s stock valued at $1,834,000 after buying an additional 972 shares in the last quarter. Brookstone Capital Management increased its stake in shares of Schwab Short-Term U.S. Treasury ETF by 19.6% during the first quarter. Brookstone Capital Management now owns 17,318 shares of the company’s stock valued at $835,000 after acquiring an additional 2,833 shares during the period. Finally, Pittenger & Anderson Inc. increased its position in shares of Schwab Short-Term U.S. Treasury ETF by 20.5% during the 4th quarter. Pittenger & Anderson Inc. now owns 2,730 shares of the company’s stock valued at $132,000 after purchasing an additional 465 shares during the period.

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

NYSEARCA SCHO traded up $0.10 on Friday, reaching $48.79. The company’s stock had a trading volume of 1,081,223 shares, compared to its average volume of 1,335,535. Schwab Short-Term U.S. Treasury ETF has a twelve month low of $47.65 and a twelve month high of $48.85. The firm’s 50 day moving average is $48.33 and its two-hundred day moving average is $48.14.

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.