565,475 Shares in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) Bought by Novem Group

Novem Group purchased a new stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 565,475 shares of the company’s stock, valued at approximately $13,605,000. Schwab Short-Term U.S. Treasury ETF makes up approximately 2.0% of Novem Group’s investment portfolio, making the stock its 9th biggest holding. Novem Group owned about 0.26% of Schwab Short-Term U.S. Treasury ETF as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SCHO. OLD Point Trust & Financial Services N A purchased a new stake in Schwab Short-Term U.S. Treasury ETF in the 4th quarter valued at $25,000. Kennebec Savings Bank increased its stake in Schwab Short-Term U.S. Treasury ETF by 100.0% in the fourth quarter. Kennebec Savings Bank now owns 1,072 shares of the company’s stock valued at $26,000 after purchasing an additional 536 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the fourth quarter valued at about $26,000. Aspect Partners LLC purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the fourth quarter valued at about $26,000. Finally, AllSquare Wealth Management LLC boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 99.8% during the fourth quarter. AllSquare Wealth Management LLC now owns 1,091 shares of the company’s stock worth $26,000 after buying an additional 545 shares during the period.

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

Shares of SCHO stock opened at $24.26 on Wednesday. Schwab Short-Term U.S. Treasury ETF has a 52-week low of $23.92 and a 52-week high of $24.54. The stock’s 50-day moving average price is $24.31 and its 200 day moving average price is $24.22.

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.