Commonwealth Equity Services LLC Increases Stake in Schwab Short-Term U.S. Treasury ETF

Commonwealth Equity Services LLC has significantly increased its investment in the Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 116.6% during the fourth quarter, according to recent reports. The firm now holds 217,429 shares after purchasing an additional 117,069 shares during that period. As of the latest filing with the SEC, Commonwealth Equity Services LLC’s investment in the ETF is valued at approximately $5.23 million.

Other institutional investors have also been active in trading shares of the Schwab Short-Term U.S. Treasury ETF. For instance, BNP Paribas raised its stake by 4.1% in the third quarter, now owning 13,466 shares valued at about $660,000, following the acquisition of 528 additional shares. Similarly, Kennebec Savings Bank doubled its holdings in the ETF, now possessing 1,072 shares worth $26,000 after acquiring 536 shares last quarter. Additionally, Smartleaf Asset Management increased its position by 100.2%, holding 1,181 shares valued at $28,000 after a purchase of 591 shares.

Spire Wealth Management and Avion Wealth also boosted their stakes in the ETF by 100%, owning 1,224 shares worth $29,000 and 1,308 shares worth $31,000, respectively, after purchasing additional shares during the fourth quarter.

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

The Schwab Short-Term U.S. Treasury ETF opened at $24.32 on a recent trading day. It has seen a range in its stock price, with a 52-week low of $23.85 and a high of $24.54. Its 50-day moving average price stands at $24.21, while the two-hundred day moving average is at $24.24.

About Schwab Short-Term U.S. Treasury ETF

The Schwab Short-Term U.S. Treasury ETF (SCHO) is an investment exchange-traded fund that primarily invests in fixed-income securities that are rated investment grade. The ETF is designed to track a market-value-weighted index consisting of debt issued by the U.S. Treasury, excluding STRIPS, with maturities ranging from 1 to 3 years. It was launched on August 5, 2010, and is managed by Charles Schwab.

investment, ETF, finance