Archer Investment Management LLC Takes Position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Archer Investment Management LLC bought a new stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 146,451 shares of the company’s stock, valued at approximately $3,524,000. Schwab Short-Term U.S. Treasury ETF accounts for 2.2% of Archer Investment Management LLC’s investment portfolio, making the stock its 15th biggest holding. Archer Investment Management LLC owned approximately 0.07% of Schwab Short-Term U.S. Treasury ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SCHO. Sanctuary Advisors LLC purchased a new position in Schwab Short-Term U.S. Treasury ETF during the second quarter valued at $800,000. Diversified Trust Co raised its stake in Schwab Short-Term U.S. Treasury ETF by 2.8% during the third quarter. Diversified Trust Co now owns 45,772 shares of the company’s stock valued at $2,242,000 after buying an additional 1,227 shares during the last quarter. McLean Asset Management Corp raised its stake in Schwab Short-Term U.S. Treasury ETF by 44.7% during the third quarter. McLean Asset Management Corp now owns 46,761 shares of the company’s stock valued at $2,273,000 after buying an additional 14,453 shares during the last quarter. Bangor Savings Bank raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 1.2% in the third quarter. Bangor Savings Bank now owns 796,381 shares of the company’s stock worth $39,007,000 after purchasing an additional 9,289 shares during the last quarter. Finally, MBM Wealth Consultants LLC raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 33.9% in the third quarter. MBM Wealth Consultants LLC now owns 202,919 shares of the company’s stock worth $9,939,000 after purchasing an additional 51,408 shares during the last quarter.

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

SCHO stock opened at $24.14 on Tuesday. Schwab Short-Term U.S. Treasury ETF has a 1-year low of $23.85 and a 1-year high of $24.53. The business has a fifty day moving average price of $24.16 and a 200-day moving average price of $24.26.

About Schwab Short-Term U.S. Treasury ETF

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.