Ameriprise Financial Inc. Sells 3,676,068 Shares of Schwab Short-Term U.S. Treasury ETF $SCHO

Ameriprise Financial Inc. lessened its holdings in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 15.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,401,639 shares of the company’s stock after selling 3,676,068 shares during the quarter. Ameriprise Financial Inc. owned 3.96% of Schwab Short-Term U.S. Treasury ETF worth $473,865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Cerity Partners LLC grew its stake in shares of Schwab Short-Term U.S. Treasury ETF by 5,194.3% during the second quarter. Cerity Partners LLC now owns 3,267,650 shares of the company’s stock valued at $79,665,000 after buying an additional 3,205,930 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 89.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,744,373 shares of the company’s stock valued at $66,880,000 after acquiring an additional 1,292,926 shares during the period. Bank of America Corp DE boosted its holdings in Schwab Short-Term U.S. Treasury ETF by 0.7% during the 2nd quarter. Bank of America Corp DE now owns 109,087,556 shares of the company’s stock valued at $2,659,555,000 after acquiring an additional 806,967 shares during the period. Access Financial Services Inc. grew its position in Schwab Short-Term U.S. Treasury ETF by 112.5% during the 3rd quarter. Access Financial Services Inc. now owns 1,346,749 shares of the company’s stock worth $32,861,000 after acquiring an additional 712,966 shares during the last quarter. Finally, Sei Investments Co. grew its position in Schwab Short-Term U.S. Treasury ETF by 3.4% during the 3rd quarter. Sei Investments Co. now owns 17,596,729 shares of the company’s stock worth $429,361,000 after acquiring an additional 570,536 shares during the last quarter.

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

Shares of Schwab Short-Term U.S. Treasury ETF stock opened at $24.26 on Monday. Schwab Short-Term U.S. Treasury ETF has a one year low of $24.19 and a one year high of $24.47. The business’s 50 day simple moving average is $24.37 and its two-hundred day simple moving average is $24.38.

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

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a $0.0707 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.