Traphagen Investment Advisors 13F: Exits SCHO Stake

Traphagen Investment Advisors parted ways with its entire stake in Schwab Short-Term U.S. Treasury ETF SCHO, selling out completely during the period. The complete portfolio shift was revealed in a Form 13F filing with the Securities and Exchange Commission on October 14, 2026. Because institutional filings look backward at portfolio choices made during past quarters, these records capture past moves and may not reflect the fund's exact trades today.

Inside Traphagen Investment Advisors's SCHO Trade

Traphagen Investment Advisors cut its holdings by 8,412 shares, dropping its position from 8,412 shares down to zero. The move represents a total exit from the fund, closing out the investment entirely. Institutional reports filed with regulators provide a window into how professional managers shift capital across different asset classes, though they do not disclose the exact execution dates or prices paid during the quarter.

Schwab Short-Term U.S. Treasury ETF Stock Holds Steady

Shares of Schwab Short-Term U.S. Treasury ETF recently traded around $23.89 as of October 16, 2026. The exchange-traded fund has moved between a 52-week low of $23.79 and a 52-week high of $24.46 over the past year. The recent price sits slightly below its 50-day moving average of $23.97 and below its 200-day moving average of $24.16.

Dividend

Schwab Short-Term U.S. Treasury ETF offers a dividend yield of 3.83%, providing regular income distributions to holders of the fund.

About Schwab Short-Term U.S. Treasury ETF

Schwab Short-Term U.S. Treasury ETF is an exchange-traded fund that invests at least 90% of its net assets in publicly-issued U.S. Treasury securities included in its target index. The index tracks investment-grade government debt with remaining maturities between one and three years, requiring an outstanding face value of at least $300 million. Shifts in fund ownership by institutional managers like Traphagen Investment Advisors show how smaller portfolios adjust their fixed-income allocations over time.

Bottom Line

Investors tracking Traphagen Investment Advisors will want to watch upcoming SEC filings to see how the firm adjusts its fixed-income strategy going forward. Keep in mind that 13F filings are backward-looking and show holdings as of the end of the reporting period.