Stephens Group Asset Management LLC Buys 395,540 Shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Stephens Group Asset Management LLC grew its stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 101.1% during the fourth quarter, Holdings Channel reports. The firm owned 786,865 shares of the company’s stock after purchasing an additional 395,540 shares during the period. Schwab Short-Term U.S. Treasury ETF makes up approximately 1.6% of Stephens Group Asset Management LLC’s portfolio, making the stock its 16th largest position. Stephens Group Asset Management LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $18,932,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SCHO. Bank of New York Mellon Corp boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 115.9% during the second quarter. Bank of New York Mellon Corp now owns 41,750 shares of the company’s stock worth $2,009,000 after purchasing an additional 22,410 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Schwab Short-Term U.S. Treasury ETF by 19.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,028,000 shares of the company’s stock worth $49,478,000 after buying an additional 164,465 shares in the last quarter. Perennial Investment Advisors LLC boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 173.6% in the 2nd quarter. Perennial Investment Advisors LLC now owns 12,006 shares of the company’s stock worth $578,000 after buying an additional 7,618 shares during the last quarter. Meridian Wealth Partners LLC grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 3.8% in the second quarter. Meridian Wealth Partners LLC now owns 191,642 shares of the company’s stock valued at $9,224,000 after acquiring an additional 7,008 shares in the last quarter. Finally, Lauterbach Financial Advisors LLC increased its position in shares of Schwab Short-Term U.S. Treasury ETF by 8.6% during the second quarter. Lauterbach Financial Advisors LLC now owns 5,307 shares of the company’s stock valued at $259,000 after acquiring an additional 422 shares during the last quarter.

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

Shares of NYSEARCA:SCHO opened at $24.17 on Thursday. Schwab Short-Term U.S. Treasury ETF has a 1 year low of $23.85 and a 1 year high of $24.53. The business has a fifty day moving average price of $24.15 and a two-hundred day moving average price of $24.25.

About Schwab Short-Term U.S. Treasury ETF

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.