Mainstream Capital Management LLC Grows Stake in Schwab Ultra-Short Income ETF $SCUS

Mainstream Capital Management LLC raised its holdings in shares of Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) by 88.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 19,483 shares of the company’s stock after acquiring an additional 9,133 shares during the period. Mainstream Capital Management LLC’s holdings in Schwab Ultra-Short Income ETF were worth $491,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SCUS. AdvisorNet Financial Inc purchased a new position in shares of Schwab Ultra-Short Income ETF during the second quarter worth about $50,000. Golden State Wealth Management LLC purchased a new position in shares of Schwab Ultra-Short Income ETF during the first quarter worth about $52,000. North Star Asset Management Inc. purchased a new position in shares of Schwab Ultra-Short Income ETF during the first quarter worth about $202,000. Wealth Enhancement Advisory Services LLC purchased a new position in Schwab Ultra-Short Income ETF in the 4th quarter worth approximately $326,000. Finally, Coastwise Capital Group LLC grew its stake in Schwab Ultra-Short Income ETF by 19.6% in the 1st quarter. Coastwise Capital Group LLC now owns 28,069 shares of the company’s stock worth $707,000 after buying an additional 4,599 shares in the last quarter.

Schwab Ultra-Short Income ETF Price Performance

SCUS stock opened at $25.21 on Wednesday. Schwab Ultra-Short Income ETF has a one year low of $25.04 and a one year high of $27.18. The firm has a 50 day simple moving average of $25.18 and a two-hundred day simple moving average of $25.15.

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.