Bangor Savings Bank Buys 869,727 Shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Bangor Savings Bank increased its position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 109.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,666,108 shares of the company’s stock after buying an additional 869,727 shares during the period. Schwab Short-Term U.S. Treasury ETF accounts for approximately 3.8% of Bangor Savings Bank’s investment portfolio, making the stock its 7th biggest holding. Bangor Savings Bank owned about 0.77% of Schwab Short-Term U.S. Treasury ETF worth $40,087,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kuhn & Co Investment Counsel grew its stake in Schwab Short-Term U.S. Treasury ETF by 1.4% in the second quarter. Kuhn & Co Investment Counsel now owns 19,513 shares of the company’s stock valued at $939,000 after acquiring an additional 265 shares during the period. Hart & Patterson Financial Group LLC increased its stake in Schwab Short-Term U.S. Treasury ETF by 1.4% during the 3rd quarter. Hart & Patterson Financial Group LLC now owns 27,454 shares of the company’s stock valued at $1,345,000 after purchasing an additional 374 shares in the last quarter. Lummis Asset Management LP raised its holdings in Schwab Short-Term U.S. Treasury ETF by 1.1% during the second quarter. Lummis Asset Management LP now owns 37,479 shares of the company’s stock worth $1,804,000 after buying an additional 397 shares during the last quarter. Lauterbach Financial Advisors LLC raised its holdings in Schwab Short-Term U.S. Treasury ETF by 8.6% during the second quarter. Lauterbach Financial Advisors LLC now owns 5,307 shares of the company’s stock worth $259,000 after buying an additional 422 shares during the last quarter. Finally, Savvy Advisors Inc. lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 1.9% in the third quarter. Savvy Advisors Inc. now owns 23,138 shares of the company’s stock valued at $1,133,000 after buying an additional 430 shares in the last quarter.

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

NYSEARCA:SCHO opened at $24.15 on Tuesday. Schwab Short-Term U.S. Treasury ETF has a one year low of $23.85 and a one year high of $24.53. The firm has a 50-day moving average of $24.17 and a 200-day moving average of $24.24.

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.