W.H. Cornerstone Investments Inc. Purchases New Position in Schwab Short-Term U.S. Treasury ETF $SCHO

W.H. Cornerstone Investments Inc. acquired a new stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 81,584 shares of the company’s stock, valued at approximately $1,989,000. Schwab Short-Term U.S. Treasury ETF accounts for about 1.3% of W.H. Cornerstone Investments Inc.’s investment portfolio, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHO. PNC Financial Services Group Inc. grew its position in Schwab Short-Term U.S. Treasury ETF by 40.7% during the second quarter. PNC Financial Services Group Inc. now owns 3,819,204 shares of the company’s stock valued at $93,112,000 after acquiring an additional 1,104,604 shares during the period. CENTRAL TRUST Co boosted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 94.5% during the second quarter. CENTRAL TRUST Co now owns 7,342 shares of the company’s stock valued at $179,000 after acquiring an additional 3,567 shares during the period. Vise Technologies Inc. bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the second quarter valued at about $2,416,000. Cahill Financial Advisors Inc. lifted its stake in Schwab Short-Term U.S. Treasury ETF by 13.7% during the second quarter. Cahill Financial Advisors Inc. now owns 18,863 shares of the company’s stock valued at $460,000 after purchasing an additional 2,274 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 0.8% during the second quarter. Allworth Financial LP now owns 121,737 shares of the company’s stock valued at $2,968,000 after acquiring an additional 985 shares during the period.

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

SCHO traded down $0.02 during midday trading on Thursday, hitting $24.36. 325,560 shares of the company’s stock traded hands, compared to its average volume of 3,058,564. Schwab Short-Term U.S. Treasury ETF has a one year low of $24.06 and a one year high of $24.47. The stock’s fifty day simple moving average is $24.39 and its 200-day simple moving average is $24.33.

Schwab Short-Term U.S. Treasury ETF Profile

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.