Towercrest Capital Management Purchases 55,205 Shares of Schwab Short-Term U.S. Treasury ETF $SCHO

Towercrest Capital Management acquired a new position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 55,205 shares of the company’s stock, valued at approximately $1,317,000.

Several other large investors also recently added to or reduced their stakes in the company. Birchbrook Inc. raised its stake in Schwab Short-Term U.S. Treasury ETF by 2.5% in the 2nd quarter. Birchbrook Inc. now owns 18,408 shares of the company’s stock valued at $444,000 after acquiring an additional 448 shares during the period. Myecfo LLC boosted its position in Schwab Short-Term U.S. Treasury ETF by 4.1% during the third quarter. Myecfo LLC now owns 12,663 shares of the company’s stock worth $302,000 after purchasing an additional 500 shares during the period. Enclave Advisors LLC boosted its position in Schwab Short-Term U.S. Treasury ETF by 3.6% during the third quarter. Enclave Advisors LLC now owns 16,265 shares of the company’s stock worth $388,000 after purchasing an additional 564 shares during the period. Titleist Asset Management LLC boosted its position in Schwab Short-Term U.S. Treasury ETF by 2.1% during the third quarter. Titleist Asset Management LLC now owns 28,510 shares of the company’s stock worth $680,000 after purchasing an additional 578 shares during the period. Finally, MLG Wealth Management DBA Pine Grove Financial Group boosted its position in Schwab Short-Term U.S. Treasury ETF by 2.2% during the second quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 29,457 shares of the company’s stock worth $711,000 after purchasing an additional 620 shares during the period.

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

Shares of SCHO remained flat at $23.96 during trading hours on Friday. 5,247,416 shares of the stock traded hands, compared to its average volume of 4,097,450. The company has a 50-day moving average price of $23.95 and a 200 day moving average price of $24.07. Schwab Short-Term U.S. Treasury ETF has a 52-week low of $23.79 and a 52-week 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.