Perigon Wealth Management LLC Trims Stake in Schwab Short-Term U.S. Treasury ETF

Perigon Wealth Management LLC has recently reduced its investment in the Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO), a notable move in the investment community. In the third quarter, the company lowered its shareholding by 6.3%, as reported in its latest filing with the Securities and Exchange Commission (SEC). Following this sell-off, Perigon Wealth Management now holds 16,097 shares, having parted with 1,080 shares during the quarter. The value of Perigon Wealth Management's remaining stake in the ETF is approximately $771,000, according to the most recent SEC filing.

Activity by Other Hedge Funds

The market has witnessed other hedge funds engage in transactions involving the Schwab Short-Term U.S. Treasury ETF. Steward Partners Investment Advisory LLC, for example, increased its holding in the ETF by a significant 467.8% in the fourth quarter. Guardian Wealth Advisors LLC NC established a new position, estimated to be worth around $27,000. The ETF also garnered new investments from SOA Wealth Advisors LLC. and Glass Jacobson Investment Advisors, with stakes valued at roughly $29,000 and $39,000, respectively. Barclays PLC too initiated a new holding in the first quarter, valued at about $50,000.

ETF Stock Performance Overview

Regarding stock performance, the Schwab Short-Term U.S. Treasury ETF opened at $48.62 on the latest trading day. The ETF has seen a 52-week range between $47.65 and $49.13, reflecting its short-term fluctuations. Its 50-day moving average stands at $48.21, while the 200-day moving average is noted at $48.01.

About Schwab Short-Term U.S. Treasury ETF

The Schwab Short-Term U.S. Treasury ETF primarily focuses on investment grade fixed-income securities. The fund maintains a portfolio that closely follows an index of U.S. Treasury debt, specifically excluding STRIPS, with maturities ranging from 1 to 3 years. Launched by Charles Schwab on August 5, 2010, SCHO is designed to provide investors a tool to potentially capitalize on the stability of short-term U.S. government debt securities.

Perigon, Wealth, Schwab