Kingsview Wealth Management LLC Raises Stock Position in Schwab Ultra-Short Income ETF $SCUS

Kingsview Wealth Management LLC grew its holdings in shares of Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) by 23.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,055 shares of the company’s stock after purchasing an additional 16,943 shares during the quarter. Kingsview Wealth Management LLC owned approximately 2.81% of Schwab Ultra-Short Income ETF worth $2,268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Mainstream Capital Management LLC grew its position in shares of Schwab Ultra-Short Income ETF by 88.2% during the second quarter. Mainstream Capital Management LLC now owns 19,483 shares of the company’s stock valued at $491,000 after purchasing an additional 9,133 shares in the last quarter. AdvisorNet Financial Inc bought a new stake in Schwab Ultra-Short Income ETF in the second quarter worth about $50,000. Finally, North Star Asset Management Inc. purchased a new position in Schwab Ultra-Short Income ETF during the 1st quarter valued at $202,000.

Schwab Ultra-Short Income ETF Stock Performance

Shares of SCUS stock opened at $25.22 on Wednesday. Schwab Ultra-Short Income ETF has a one year low of $25.04 and a one year high of $27.18. The company’s 50-day simple moving average is $25.21 and its two-hundred day simple moving average is $25.17.

About Schwab Ultra-Short Income ETF

The Schwab Ultra-Short Income ETF (SCUS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in US dollar-denominated, investment grade, short-term debt securities from both domestic and foreign issuers. The fund aims for current income and capital preservation, maintaining a portfolio duration of one year or less SCUS was launched on Aug 13, 2024 and is issued by Charles Schwab.