Castle Rock Wealth Management LLC acquired a new stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO – Free Report) in the third quarter, HoldingsChannel reports. The firm acquired 319,545 shares of the company’s stock, valued at approximately $7,621,000. Schwab Short-Term U.S. Treasury ETF makes up about 1.5% of Castle Rock Wealth Management LLC’s portfolio, making the stock its 13th largest holding.
Several other institutional investors and hedge funds have also modified their holdings of SCHO. JPMorgan Chase & Co. boosted its position in Schwab Short-Term U.S. Treasury ETF by 6.9% during the fourth quarter. JPMorgan Chase & Co. now owns 21,107,647 shares of the company’s stock worth $514,393,000 after acquiring an additional 1,357,429 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 72.7% during the second quarter. Envestnet Asset Management Inc. now owns 13,249,057 shares of the company’s stock worth $319,832,000 after purchasing an additional 5,577,503 shares during the last quarter. MCF Advisors LLC grew its position in shares of 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 purchasing an additional 1,676,213 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Schwab Short-Term U.S. Treasury ETF by 5.9% in 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 during the period. Finally, Bangor Savings Bank acquired a new position in Schwab Short-Term U.S. Treasury ETF in the third quarter valued at $66,045,000.
Schwab Short-Term U.S. Treasury ETF Stock Performance
NYSEARCA SCHO traded down $0.01 during trading hours on Friday, hitting $23.86. 3,060,727 shares of the company’s stock were exchanged, compared to its average volume of 4,055,188. The business’s 50 day moving average is $23.98 and its 200-day moving average is $24.09. 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.
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