Beacon Pointe Advisors LLC Sells 21,767 Shares of Schwab Short-Term U.S. Treasury ETF $SCHO

Beacon Pointe Advisors LLC reduced its position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 15.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,343 shares of the company’s stock after selling 21,767 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $2,983,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of SCHO. GSB Wealth Management LLC lifted its position in Schwab Short-Term U.S. Treasury ETF by 95.9% in the 2nd quarter. GSB Wealth Management LLC now owns 1,336 shares of the company’s stock worth $33,000 after buying an additional 654 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 57.4% during the second quarter. Blue Trust Inc. now owns 2,148 shares of the company’s stock worth $52,000 after acquiring an additional 783 shares in the last quarter. Grove Bank & Trust bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the 2nd quarter worth approximately $61,000. Fortitude Family Office LLC purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the 2nd quarter valued at $106,000. Finally, Morling Financial Advisors LLC boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 383.5% in the 2nd quarter. Morling Financial Advisors LLC now owns 4,932 shares of the company’s stock valued at $120,000 after purchasing an additional 3,912 shares in the last quarter.

Schwab Short-Term U.S. Treasury ETF Stock Down 0.0%

SCHO stock opened at $24.35 on Friday. The firm’s fifty day moving average is $24.39 and its 200 day moving average is $24.34. Schwab Short-Term U.S. Treasury ETF has a 52 week low of $24.06 and a 52 week high of $24.47.

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.