Novem Group Has $18.46 Million Position in Schwab Short-Term U.S. Treasury ETF $SCHO

Novem Group boosted its position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 757,520 shares of the company’s stock after purchasing an additional 37,781 shares during the quarter. Schwab Short-Term U.S. Treasury ETF makes up 2.1% of Novem Group’s portfolio, making the stock its 7th biggest position. Novem Group’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $18,461,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Schwab Short-Term U.S. Treasury ETF by 8.8% in the third quarter. Bank of America Corp DE now owns 118,665,834 shares of the company’s stock worth $2,895,446,000 after purchasing an additional 9,578,278 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Schwab Short-Term U.S. Treasury ETF by 5.7% in the second quarter. Ameriprise Financial Inc. now owns 23,077,707 shares of the company’s stock worth $570,775,000 after purchasing an additional 1,237,815 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 3.4% during the third quarter. Sei Investments Co. now owns 17,596,729 shares of the company’s stock valued at $429,361,000 after acquiring an additional 570,536 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 5.7% during the third quarter. Wealthfront Advisers LLC now owns 3,787,747 shares of the company’s stock valued at $92,421,000 after acquiring an additional 202,970 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 6.7% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 3,670,514 shares of the company’s stock valued at $89,450,000 after acquiring an additional 229,449 shares in the last quarter.

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

Shares of NYSEARCA:SCHO opened at $24.29 on Tuesday. Schwab Short-Term U.S. Treasury ETF has a 1-year low of $24.17 and a 1-year high of $24.47. The business has a fifty day moving average price of $24.30 and a 200-day moving average price of $24.35.

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.