Merit Financial Group LLC Has $2.73 Million Stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Merit Financial Group LLC trimmed its position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,264 shares of the company’s stock after selling 3,160 shares during the quarter. Merit Financial Group LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $2,726,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Toronto Dominion Bank bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the third quarter worth $38,000. Howe & Rusling Inc. bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the fourth quarter worth $42,000. Spire Wealth Management grew its stake in shares of Schwab Short-Term U.S. Treasury ETF by 56.8% during the third quarter. Spire Wealth Management now owns 961 shares of the company’s stock worth $46,000 after buying an additional 348 shares during the last quarter. Fortitude Family Office LLC bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the fourth quarter worth $71,000. Finally, Financial Gravity Asset Management Inc. grew its stake in shares of Schwab Short-Term U.S. Treasury ETF by 3,381.3% during the third quarter. Financial Gravity Asset Management Inc. now owns 1,671 shares of the company’s stock worth $80,000 after buying an additional 1,623 shares during the last quarter.

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

Shares of NYSEARCA SCHO traded up $0.07 during midday trading on Friday, reaching $47.93. 1,029,679 shares of the company were exchanged, compared to its average volume of 1,715,022. Schwab Short-Term U.S. Treasury ETF has a one year low of $47.65 and a one year high of $48.98. The stock’s 50-day moving average price is $48.03 and its 200-day moving average price is $48.14.

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.