MBM Wealth Consultants LLC Has $23.37 Million Stock Holdings in Schwab Short-Term U.S. Treasury ETF $SCHO

MBM Wealth Consultants LLC grew its position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 7.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 962,850 shares of the company’s stock after purchasing an additional 63,131 shares during the quarter. Schwab Short-Term U.S. Treasury ETF makes up 5.4% of MBM Wealth Consultants LLC’s portfolio, making the stock its 6th biggest position. MBM Wealth Consultants LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $23,368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP lifted its position in shares of Schwab Short-Term U.S. Treasury ETF by 21.2% in the 3rd quarter. Allworth Financial LP now owns 147,567 shares of the company’s stock worth $3,601,000 after purchasing an additional 25,830 shares during the period. Ballast Advisors LLC increased its holdings in Schwab Short-Term U.S. Treasury ETF by 9.4% during the third quarter. Ballast Advisors LLC now owns 623,769 shares of the company’s stock valued at $15,220,000 after buying an additional 53,596 shares during the period. Access Financial Services Inc. raised its stake in Schwab Short-Term U.S. Treasury ETF by 2.6% in the fourth quarter. Access Financial Services Inc. now owns 1,381,585 shares of the company’s stock worth $33,669,000 after buying an additional 34,836 shares in the last quarter. Triad Wealth Partners LLC bought a new position in Schwab Short-Term U.S. Treasury ETF in the fourth quarter worth approximately $9,879,000. Finally, Merit Financial Group LLC raised its stake in Schwab Short-Term U.S. Treasury ETF by 20.9% in the fourth quarter. Merit Financial Group LLC now owns 1,889,316 shares of the company’s stock worth $46,043,000 after buying an additional 327,024 shares in the last quarter.

Schwab Short-Term U.S. Treasury ETF Stock Up 0.2%

Shares of NYSEARCA SCHO opened at $24.13 on Thursday. The stock’s fifty day simple moving average is $24.16 and its two-hundred day simple moving average is $24.28. Schwab Short-Term U.S. Treasury ETF has a 12-month low of $24.06 and a 12-month high of $24.46.

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.