IFP Advisors Inc Grows Position in Schwab Short-Term U.S. Treasury ETF $SCHO

IFP Advisors Inc raised its position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 269.9% during the second quarter, HoldingsChannel.com reports. The firm owned 101,309 shares of the company’s stock after buying an additional 73,918 shares during the quarter. IFP Advisors Inc’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $2,470,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 6.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,318 shares of the company’s stock worth $422,000 after purchasing an additional 1,013 shares during the period. Cerity Partners LLC raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 3.6% in the 1st quarter. Cerity Partners LLC now owns 61,720 shares of the company’s stock worth $1,502,000 after purchasing an additional 2,118 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 361.0% in the 1st quarter. Bank of New York Mellon Corp now owns 186,561 shares of the company’s stock worth $4,541,000 after purchasing an additional 146,092 shares during the period. Private Trust Co. NA raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 21.3% in the 1st quarter. Private Trust Co. NA now owns 4,646 shares of the company’s stock worth $113,000 after purchasing an additional 815 shares during the period. Finally, Focus Partners Wealth raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 2.1% in the 1st quarter. Focus Partners Wealth now owns 140,174 shares of the company’s stock worth $3,412,000 after purchasing an additional 2,848 shares during the period.

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

Schwab Short-Term U.S. Treasury ETF stock opened at $24.39 on Friday. The stock’s 50-day moving average is $24.36 and its 200-day moving average is $24.32. Schwab Short-Term U.S. Treasury ETF has a 12 month low of $24.06 and a 12 month high of $24.47.

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.