Bangor Savings Bank Purchases New Stake in Schwab Short-Term U.S. Treasury ETF $SCHO

Bangor Savings Bank bought a new position in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) in the third quarter, HoldingsChannel reports. The fund bought 2,768,028 shares of the company’s stock, valued at approximately $66,045,000. Schwab Short-Term U.S. Treasury ETF accounts for approximately 5.0% of Bangor Savings Bank’s portfolio, making the stock its 4th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 1,357,429 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Schwab Short-Term U.S. Treasury ETF by 72.7% during the 2nd 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 lifted its position 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. boosted its stake in 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 acquiring an additional 227,884 shares in the last quarter. Finally, Fiduciary Financial Group LLC grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 5.9% during the second quarter. Fiduciary Financial Group LLC now owns 2,304,888 shares of the company’s stock worth $55,640,000 after purchasing an additional 128,147 shares during the last quarter.

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

Shares of SCHO stock traded up $0.02 during trading hours on Tuesday, hitting $23.85. The stock had a trading volume of 5,431,264 shares, compared to its average volume of 4,054,384. The stock’s 50 day moving average is $24.00 and its 200 day moving average is $24.10. Schwab Short-Term U.S. Treasury ETF has a twelve month low of $23.79 and a twelve month high of $24.46.

Schwab Short-Term U.S. Treasury ETF Company 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.