Morningstar Investment Management LLC Makes New $100.52 Million Investment in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Morningstar Investment Management LLC acquired a new stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,060,262 shares of the company’s stock, valued at approximately $100,520,000. Schwab Short-Term U.S. Treasury ETF accounts for about 15.0% of Morningstar Investment Management LLC’s investment portfolio, making the stock its biggest position. Morningstar Investment Management LLC owned about 0.74% of Schwab Short-Term U.S. Treasury ETF at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SCHO. Bank of America Corp DE lifted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 74.8% in the 1st quarter. Bank of America Corp DE now owns 119,969,418 shares of the company’s stock worth $5,853,308,000 after acquiring an additional 51,337,702 shares during the last quarter. Sei Investments Co. grew its stake in shares of Schwab Short-Term U.S. Treasury ETF by 2.0% in the first quarter. Sei Investments Co. now owns 6,439,971 shares of the company’s stock worth $314,206,000 after acquiring an additional 128,520 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,364,348 shares of the company’s stock valued at $164,147,000 after acquiring an additional 53,826 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Schwab Short-Term U.S. Treasury ETF by 18.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,873,150 shares of the company’s stock valued at $140,181,000 after purchasing an additional 448,417 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Schwab Short-Term U.S. Treasury ETF by 11.7% in the 1st quarter. Stifel Financial Corp now owns 2,243,818 shares of the company’s stock valued at $109,476,000 after purchasing an additional 234,268 shares during the last quarter.

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

Shares of SCHO stock traded up $0.01 during midday trading on Monday, hitting $47.87. The company had a trading volume of 295,149 shares, compared to its average volume of 2,383,208. Schwab Short-Term U.S. Treasury ETF has a 52-week low of $47.71 and a 52-week high of $49.13. The company’s 50 day simple moving average is $47.96 and its 200 day simple moving average is $48.29.

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.