Northwestern Mutual Wealth Management Co. Trims Holdings in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Northwestern Mutual Wealth Management Co. lowered its stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 3.3% in the second quarter, HoldingsChannel.com reports. The firm owned 286,115 shares of the company’s stock after selling 9,897 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $13,771,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SCHO. Brookstone Capital Management increased its stake in Schwab Short-Term U.S. Treasury ETF by 19.6% during the first quarter. Brookstone Capital Management now owns 17,318 shares of the company’s stock worth $835,000 after purchasing an additional 2,833 shares during the period. Blair William & Co. IL increased its stake in Schwab Short-Term U.S. Treasury ETF by 8.2% during the 1st quarter. Blair William & Co. IL now owns 39,497 shares of the company’s stock worth $1,904,000 after buying an additional 2,986 shares during the period. Morningstar Investment Services LLC lifted its holdings in Schwab Short-Term U.S. Treasury ETF by 87.8% during the 4th quarter. Morningstar Investment Services LLC now owns 87,024 shares of the company’s stock worth $4,215,000 after buying an additional 40,687 shares in the last quarter. Courage Miller Partners LLC boosted its position in Schwab Short-Term U.S. Treasury ETF by 1.2% in the 1st quarter. Courage Miller Partners LLC now owns 347,905 shares of the company’s stock valued at $16,773,000 after buying an additional 3,968 shares during the period. Finally, Ballentine Partners LLC acquired a new position in shares of Schwab Short-Term U.S. Treasury ETF in the second quarter worth $511,000.

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

Shares of NYSEARCA SCHO opened at $48.88 on Wednesday. The business’s fifty day simple moving average is $48.74 and its 200-day simple moving average is $48.28. Schwab Short-Term U.S. Treasury ETF has a 12-month low of $47.65 and a 12-month high of $49.07.

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.