Twele Capital Management Inc. Buys New Position in Schwab Short-Term U.S. Treasury ETF $SCHO

Twele Capital Management Inc. purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 45,693 shares of the company’s stock, valued at approximately $1,090,000. Schwab Short-Term U.S. Treasury ETF makes up about 0.2% of Twele Capital Management Inc.’s investment portfolio, making the stock its 27th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Contravisory Investment Management Inc. purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the third quarter worth about $153,000. Downshift Financial LLC lifted its position in Schwab Short-Term U.S. Treasury ETF by 27.5% during the 3rd quarter. Downshift Financial LLC now owns 46,557 shares of the company’s stock worth $1,111,000 after acquiring an additional 10,038 shares during the period. First County Bank CT lifted its position in Schwab Short-Term U.S. Treasury ETF by 6.1% during the 3rd quarter. First County Bank CT now owns 34,013 shares of the company’s stock worth $812,000 after acquiring an additional 1,967 shares during the period. Compass Financial Group INC SD lifted its position in Schwab Short-Term U.S. Treasury ETF by 20.6% during the 3rd quarter. Compass Financial Group INC SD now owns 99,248 shares of the company’s stock worth $2,368,000 after acquiring an additional 16,922 shares during the period. Finally, Avior Wealth Management LLC purchased a new stake in Schwab Short-Term U.S. Treasury ETF during the 3rd quarter valued at about $27,172,000.

Schwab Short-Term U.S. Treasury ETF Stock Up 0.0%

Shares of SCHO stock traded up $0.01 during mid-day trading on Tuesday, reaching $23.87. The stock had a trading volume of 3,680,332 shares, compared to its average volume of 4,047,310. The business’s fifty day moving average is $23.98 and its 200-day moving average is $24.09. Schwab Short-Term U.S. Treasury ETF has a 1-year low of $23.79 and a 1-year high of $24.46.

Schwab Short-Term U.S. Treasury ETF Company 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.