Schwab Short-Term U.S. Treasury ETF $SCHO Position Boosted by Novem Group

Novem Group raised its holdings in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 4.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 865,926 shares of the company’s stock after purchasing an additional 39,724 shares during the period. Schwab Short-Term U.S. Treasury ETF accounts for approximately 2.1% of Novem Group’s portfolio, making the stock its 6th largest holding. Novem Group owned approximately 0.13% of Schwab Short-Term U.S. Treasury ETF worth $20,661,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of Schwab Short-Term U.S. Treasury ETF by 72.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,249,057 shares of the company’s stock worth $319,832,000 after purchasing an additional 5,577,503 shares during the last quarter. MCF Advisors LLC lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 60.8% during the second quarter. MCF Advisors LLC now owns 4,431,584 shares of the company’s stock valued at $106,978,000 after buying an additional 1,676,213 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,104,187 shares of the company’s stock worth $99,609,000 after purchasing an additional 227,884 shares during the period. Bangor Savings Bank lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 7.1% during the 2nd quarter. Bangor Savings Bank now owns 2,758,500 shares of the company’s stock worth $66,590,000 after purchasing an additional 181,853 shares during the period. Finally, Fiduciary Financial Group LLC lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 5.9% during the 2nd quarter. Fiduciary Financial Group LLC now owns 2,304,888 shares of the company’s stock worth $55,640,000 after purchasing an additional 128,147 shares during the period.

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

NYSEARCA SCHO traded down $0.02 during trading hours on Monday, hitting $23.90. 4,045,723 shares of the company’s stock were exchanged, compared to its average volume of 4,066,530. The business’s 50 day moving average is $23.96 and its 200-day moving average is $24.08. Schwab Short-Term U.S. Treasury ETF has a 12-month low of $23.79 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.