Avidian Wealth Enterprises LLC Acquires New Shares in Schwab Short-Term U.S. Treasury ETF $SCHO

Avidian Wealth Enterprises LLC acquired a new stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) in the third quarter, according to its most recent filing with the SEC. The fund acquired 672,701 shares of the company’s stock, valued at approximately $16,051,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Schwab Short-Term U.S. Treasury ETF by 6.9% during the 4th quarter. JPMorgan Chase & Co. now owns 21,107,647 shares of the company’s stock valued at $514,393,000 after buying an additional 1,357,429 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Schwab Short-Term U.S. Treasury ETF by 72.7% in the second quarter. Envestnet Asset Management Inc. now owns 13,249,057 shares of the company’s stock worth $319,832,000 after acquiring an additional 5,577,503 shares in the last quarter. MCF Advisors LLC increased its stake in Schwab Short-Term U.S. Treasury ETF by 60.8% in the second quarter. MCF Advisors LLC now owns 4,431,584 shares of the company’s stock valued at $106,978,000 after acquiring an additional 1,676,213 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Schwab Short-Term U.S. Treasury ETF by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 4,104,187 shares of the company’s stock valued at $99,609,000 after purchasing an additional 227,884 shares in the last quarter. Finally, Bangor Savings Bank bought a new stake in Schwab Short-Term U.S. Treasury ETF during the third quarter worth about $66,045,000.

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

Shares of SCHO traded up $0.01 during midday trading on Thursday, reaching $23.86. The stock had a trading volume of 3,107,525 shares, compared to its average volume of 4,050,151. The company’s 50-day moving average is $23.99 and its 200 day moving average is $24.10. Schwab Short-Term U.S. Treasury ETF has a 12-month low of $23.79 and a 12-month high of $24.46.

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.