Merit Financial Group LLC Boosts Stake in Schwab Short-Term U.S. Treasury ETF $SCHO

Merit Financial Group LLC grew its stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 43.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,562,797 shares of the company’s stock after buying an additional 469,828 shares during the period. Merit Financial Group LLC owned 0.33% of Schwab Short-Term U.S. Treasury ETF worth $38,132,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Independent Wealth Network Inc. boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 2.3% during the second quarter. Independent Wealth Network Inc. now owns 18,711 shares of the company’s stock valued at $456,000 after acquiring an additional 416 shares during the last quarter. Cobblestone Capital Advisors LLC NY lifted its holdings in Schwab Short-Term U.S. Treasury ETF by 0.4% in the 2nd quarter. Cobblestone Capital Advisors LLC NY now owns 99,475 shares of the company’s stock valued at $2,425,000 after purchasing an additional 422 shares in the last quarter. Beacon Financial Advisory LLC boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 0.9% during the 2nd quarter. Beacon Financial Advisory LLC now owns 51,447 shares of the company’s stock worth $1,254,000 after purchasing an additional 445 shares during the last quarter. Evanson Asset Management LLC raised its position in shares of Schwab Short-Term U.S. Treasury ETF by 1.0% in the third quarter. Evanson Asset Management LLC now owns 43,932 shares of the company’s stock valued at $1,072,000 after buying an additional 445 shares during the last quarter. Finally, Sherman Asset Management Inc. raised its position in shares of Schwab Short-Term U.S. Treasury ETF by 1.2% in the second quarter. Sherman Asset Management Inc. now owns 38,821 shares of the company’s stock valued at $946,000 after buying an additional 464 shares during the last quarter.

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

Shares of SCHO opened at $24.37 on Wednesday. Schwab Short-Term U.S. Treasury ETF has a 1 year low of $24.06 and a 1 year high of $24.47. The company’s 50 day simple moving average is $24.38 and its 200 day simple moving average is $24.35.

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.