Spinnaker Investment Group LLC Grows Stock Position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Spinnaker Investment Group LLC increased its position in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 437.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,985 shares of the company’s stock after purchasing an additional 29,295 shares during the quarter. Spinnaker Investment Group LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $866,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in SCHO. Jane Street Group LLC acquired a new position in shares of Schwab Short-Term U.S. Treasury ETF during the 3rd quarter worth approximately $423,782,000. Bank of Montreal Can lifted its position in Schwab Short-Term U.S. Treasury ETF by 15,996.5% during the third quarter. Bank of Montreal Can now owns 2,607,963 shares of the company’s stock worth $127,921,000 after buying an additional 2,591,761 shares in the last quarter. MCF Advisors LLC boosted its stake in Schwab Short-Term U.S. Treasury ETF by 133.5% during the fourth quarter. MCF Advisors LLC now owns 2,929,208 shares of the company’s stock worth $70,477,000 after buying an additional 1,674,798 shares during the last quarter. West Coast Financial LLC grew its holdings in Schwab Short-Term U.S. Treasury ETF by 162.2% in the 4th quarter. West Coast Financial LLC now owns 2,457,475 shares of the company’s stock valued at $59,127,000 after buying an additional 1,520,253 shares in the last quarter. Finally, Bangor Savings Bank increased its stake in shares of Schwab Short-Term U.S. Treasury ETF by 109.2% in the 4th quarter. Bangor Savings Bank now owns 1,666,108 shares of the company’s stock worth $40,087,000 after acquiring an additional 869,727 shares during the last quarter.

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

Shares of SCHO stock opened at $24.19 on Friday. Schwab Short-Term U.S. Treasury ETF has a twelve month low of $23.85 and a twelve month high of $24.53. The company’s 50-day moving average price is $24.16 and its 200-day moving average price is $24.25.

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.