Kaizen Financial Strategies Takes $1.99 Million Position in Schwab Ultra-Short Income ETF $SCUS

Kaizen Financial Strategies purchased a new position in shares of Schwab Ultra-Short Income ETF (NYSEARCA:SCUS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 79,122 shares of the company’s stock, valued at approximately $1,993,000. Schwab Ultra-Short Income ETF accounts for 0.9% of Kaizen Financial Strategies’ investment portfolio, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. James Investment Research Inc. acquired a new position in Schwab Ultra-Short Income ETF in the fourth quarter valued at about $296,000. Savvy Advisors Inc. increased its position in shares of Schwab Ultra-Short Income ETF by 57.9% during the fourth quarter. Savvy Advisors Inc. now owns 17,497 shares of the company’s stock valued at $441,000 after acquiring an additional 6,418 shares during the last quarter. WealthPLAN Partners LLC purchased a new stake in shares of Schwab Ultra-Short Income ETF in the 4th quarter valued at approximately $536,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Schwab Ultra-Short Income ETF by 104.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 86,715 shares of the company’s stock valued at $2,183,000 after acquiring an additional 44,368 shares during the period.

Schwab Ultra-Short Income ETF Stock Performance

Shares of SCUS stock traded down $0.01 during trading hours on Friday, hitting $25.12. The company had a trading volume of 59,064 shares, compared to its average volume of 115,154. The company’s fifty day moving average is $25.16 and its 200 day moving average is $25.18. Schwab Ultra-Short Income ETF has a fifty-two week low of $25.10 and a fifty-two week high of $25.33.

About Schwab Ultra-Short Income ETF

The Schwab Ultra-Short Income ETF (SCUS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in US dollar-denominated, investment grade, short-term debt securities from both domestic and foreign issuers. The fund aims for current income and capital preservation, maintaining a portfolio duration of one year or less SCUS was launched on Aug 13, 2024 and is issued by Charles Schwab.