Raymond James Financial Services Advisors Inc. Lowers Stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Raymond James Financial Services Advisors Inc. lowered its stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 27.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,851 shares of the company’s stock after selling 96,037 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.11% of Schwab Short-Term U.S. Treasury ETF worth $12,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in Schwab Short-Term U.S. Treasury ETF by 3.3% in the third quarter. Sei Investments Co. now owns 6,669,027 shares of the company’s stock valued at $319,379,000 after buying an additional 211,108 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in Schwab Short-Term U.S. Treasury ETF by 583.8% in the 3rd quarter. Wealthfront Advisers LLC now owns 2,412,867 shares of the company’s stock worth $115,552,000 after purchasing an additional 2,060,004 shares in the last quarter. Stifel Financial Corp increased its stake in Schwab Short-Term U.S. Treasury ETF by 3.8% during the 4th quarter. Stifel Financial Corp now owns 2,399,129 shares of the company’s stock valued at $116,239,000 after purchasing an additional 86,887 shares in the last quarter. Clearwater Capital Advisors LLC raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 95.2% in the fourth quarter. Clearwater Capital Advisors LLC now owns 1,613,749 shares of the company’s stock worth $78,186,000 after buying an additional 787,113 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Schwab Short-Term U.S. Treasury ETF by 1.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,413,279 shares of the company’s stock worth $68,473,000 after acquiring an additional 14,460 shares during the period.

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

Shares of NYSEARCA SCHO traded up $0.07 during trading on Friday, reaching $47.93. 1,029,679 shares of the company traded hands, compared to its average volume of 1,715,022. Schwab Short-Term U.S. Treasury ETF has a 12-month low of $47.65 and a 12-month high of $48.98. The firm’s fifty day simple moving average is $48.03 and its 200 day simple moving average is $48.15.

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.