Worth Asset Management LLC Acquires 18,860 Shares of Schwab Government Money Market ETF $SGVT

Worth Asset Management LLC grew its holdings in shares of Schwab Government Money Market ETF (NYSEARCA:SGVT) by 216.5% in the first quarter, Holdings Channel reports. The institutional investor owned 27,573 shares of the company’s stock after acquiring an additional 18,860 shares during the period. Schwab Government Money Market ETF makes up 1.0% of Worth Asset Management LLC’s investment portfolio, making the stock its 17th largest holding. Worth Asset Management LLC’s holdings in Schwab Government Money Market ETF were worth $2,777,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Johnson Financial Group Inc. acquired a new stake in shares of Schwab Government Money Market ETF in the 3rd quarter worth about $25,000. GW&K Investment Management LLC bought a new position in Schwab Government Money Market ETF in the 3rd quarter valued at about $26,000. Hartford Financial Management Inc. acquired a new position in Schwab Government Money Market ETF during the 4th quarter valued at about $53,000. Robbins Farley acquired a new position in Schwab Government Money Market ETF during the 1st quarter valued at about $60,000. Finally, Harbour Investments Inc. acquired a new position in Schwab Government Money Market ETF during the 4th quarter valued at about $62,000.

Schwab Government Money Market ETF Price Performance

Shares of SGVT opened at $100.67 on Tuesday. Schwab Government Money Market ETF has a 52 week low of $100.08 and a 52 week high of $100.77. The stock has a 50 day moving average price of $100.63 and a two-hundred day moving average price of $100.59.

About Schwab Government Money Market ETF

SGVT is an actively managed government money market ETF that invests in U.S. Treasury bills, government agency securities, and fully collateralized repurchase agreements. It aims for current income consistent with capital preservation and maintains liquidity, with a NAV that fluctuates based on underlying market values.