Avidian Wealth Solutions LLC Increases Stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Avidian Wealth Solutions LLC boosted its position in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 11.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 397,812 shares of the company’s stock after acquiring an additional 39,460 shares during the quarter. Schwab Short-Term U.S. Treasury ETF makes up about 1.2% of Avidian Wealth Solutions LLC’s portfolio, making the stock its 15th biggest position. Avidian Wealth Solutions LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $19,274,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC grew its stake in shares of Schwab Short-Term U.S. Treasury ETF by 583.8% during the third quarter. Wealthfront Advisers LLC now owns 2,412,867 shares of the company’s stock valued at $115,552,000 after buying an additional 2,060,004 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Schwab Short-Term U.S. Treasury ETF by 64.5% in the third quarter. PNC Financial Services Group Inc. now owns 1,398,819 shares of the company’s stock worth $66,989,000 after purchasing an additional 548,650 shares during the period. Toroso Investments LLC purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the third quarter valued at $23,517,000. Financial Counselors Inc. purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the third quarter valued at $22,196,000. Finally, GTS Securities LLC grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 1,284.1% in the third quarter. GTS Securities LLC now owns 406,523 shares of the company’s stock worth $19,468,000 after purchasing an additional 377,152 shares during the last quarter.

Schwab Short-Term U.S. Treasury ETF Trading Up 0.1 %

SCHO traded up $0.07 on Friday, reaching $47.93. 1,029,679 shares of the company traded hands, compared to its average volume of 1,715,022. The firm has a fifty day simple moving average of $48.03 and a two-hundred day simple moving average of $48.14. Schwab Short-Term U.S. Treasury ETF has a one year low of $47.65 and a one year high of $48.98.

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.