Inspire Investing LLC Sells 276,570 Shares of Schwab Short-Term U.S. Treasury ETF $SCHO

Inspire Investing LLC trimmed its stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 29.7% during the second quarter, HoldingsChannel.com reports. The fund owned 655,590 shares of the company’s stock after selling 276,570 shares during the period. Schwab Short-Term U.S. Treasury ETF makes up approximately 1.7% of Inspire Investing LLC’s holdings, making the stock its 3rd biggest position. Inspire Investing LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $15,983,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Brucke Financial Inc. grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 7.1% in the 2nd quarter. Brucke Financial Inc. now owns 21,940 shares of the company’s stock worth $535,000 after acquiring an additional 1,453 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 57.4% during the second quarter. Blue Trust Inc. now owns 2,148 shares of the company’s stock valued at $52,000 after buying an additional 783 shares in the last quarter. L. Roy Papp & Associates LLP grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 5.4% during the second quarter. L. Roy Papp & Associates LLP now owns 12,772 shares of the company’s stock valued at $311,000 after buying an additional 660 shares in the last quarter. Brandywine Oak Private Wealth LLC grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 1.6% during the second quarter. Brandywine Oak Private Wealth LLC now owns 1,396,128 shares of the company’s stock valued at $34,038,000 after buying an additional 21,567 shares in the last quarter. Finally, Galvin Gaustad & Stein LLC grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 20.2% during the second quarter. Galvin Gaustad & Stein LLC now owns 786,562 shares of the company’s stock valued at $19,176,000 after buying an additional 132,363 shares in the last quarter.

Schwab Short-Term U.S. Treasury ETF Trading Up 0.1%

Shares of SCHO stock opened at $24.39 on Friday. Schwab Short-Term U.S. Treasury ETF has a 1-year low of $24.06 and a 1-year high of $24.47. The stock’s fifty day simple moving average is $24.36 and its 200-day simple moving average is $24.32.

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.