Ballast Advisors LLC Has $15.22 Million Stock Holdings in Schwab Short-Term U.S. Treasury ETF $SCHO

Ballast Advisors LLC grew its position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 9.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 623,769 shares of the company’s stock after acquiring an additional 53,596 shares during the quarter. Schwab Short-Term U.S. Treasury ETF accounts for 4.2% of Ballast Advisors LLC’s portfolio, making the stock its 7th biggest holding. Ballast Advisors LLC owned approximately 0.13% of Schwab Short-Term U.S. Treasury ETF worth $15,220,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bright Futures Wealth Management LLC. bought a new position in shares of Schwab Short-Term U.S. Treasury ETF during the 3rd quarter valued at approximately $1,036,000. Arete Wealth Advisors LLC purchased a new stake in Schwab Short-Term U.S. Treasury ETF during the third quarter valued at $201,000. Commons Capital LLC lifted its position in Schwab Short-Term U.S. Treasury ETF by 3.7% during the third quarter. Commons Capital LLC now owns 37,020 shares of the company’s stock valued at $903,000 after purchasing an additional 1,337 shares during the last quarter. Brand Asset Management Group Inc. grew its stake in shares of Schwab Short-Term U.S. Treasury ETF by 599.7% in the 3rd quarter. Brand Asset Management Group Inc. now owns 101,303 shares of the company’s stock worth $2,472,000 after buying an additional 86,824 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 40.1% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 81,735 shares of the company’s stock worth $1,994,000 after buying an additional 23,375 shares during the last quarter.

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

Shares of NYSEARCA SCHO opened at $24.45 on Monday. Schwab Short-Term U.S. Treasury ETF has a 12-month low of $24.19 and a 12-month high of $24.47. The firm’s 50-day moving average price is $24.38 and its 200-day moving average price is $24.38.

Schwab Short-Term U.S. Treasury ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were given a dividend of $0.0869 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. This is a boost from Schwab Short-Term U.S. Treasury ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, February 2nd.

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.