Merit Financial Group LLC Buys 469,323 Shares of Schwab Short-Term U.S. Treasury ETF $SCHO

Merit Financial Group LLC raised its stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 42.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,562,292 shares of the company’s stock after buying an additional 469,323 shares during the period. Merit Financial Group LLC owned 0.32% of Schwab Short-Term U.S. Treasury ETF worth $38,120,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Schwab Short-Term U.S. Treasury ETF by 227.2% in the fourth quarter. Brighton Jones LLC now owns 18,449 shares of the company’s stock valued at $444,000 after buying an additional 12,810 shares during the period. Comerica Bank raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 4.1% during the first quarter. Comerica Bank now owns 18,407 shares of the company’s stock valued at $448,000 after acquiring an additional 722 shares during the last quarter. Ieq Capital LLC acquired a new position in shares of Schwab Short-Term U.S. Treasury ETF during the first quarter worth $234,000. Baird Financial Group Inc. grew its stake in shares of Schwab Short-Term U.S. Treasury ETF by 77.5% in the first quarter. Baird Financial Group Inc. now owns 95,332 shares of the company’s stock worth $2,320,000 after purchasing an additional 41,627 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Schwab Short-Term U.S. Treasury ETF by 4.2% in the first quarter. Royal Bank of Canada now owns 502,764 shares of the company’s stock valued at $12,237,000 after purchasing an additional 20,258 shares during the period.

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

Shares of SCHO opened at $24.37 on Wednesday. The stock’s 50-day moving average price is $24.38 and its two-hundred day moving average price is $24.35. Schwab Short-Term U.S. Treasury ETF has a 12 month low of $24.06 and a 12 month high of $24.47.

Schwab Short-Term U.S. Treasury ETF 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.