IFP Advisors Inc Lowers Position in Schwab Short-Term U.S. Treasury ETF $SCHO

IFP Advisors Inc reduced its position in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 39.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,923 shares of the company’s stock after selling 40,386 shares during the period. IFP Advisors Inc’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $1,487,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Schwab Short-Term U.S. Treasury ETF by 227.2% during the 4th quarter. Brighton Jones LLC now owns 18,449 shares of the company’s stock worth $444,000 after purchasing an additional 12,810 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the 2nd quarter valued at approximately $1,674,000. Act Two Investors LLC lifted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 9.8% in the 2nd quarter. Act Two Investors LLC now owns 394,909 shares of the company’s stock valued at $9,628,000 after buying an additional 35,306 shares during the period. Burk Holdings LLC purchased a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the second quarter valued at approximately $934,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 289.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 32,516 shares of the company’s stock valued at $793,000 after buying an additional 24,158 shares in the last quarter.

Schwab Short-Term U.S. Treasury ETF Stock Down 0.2%

Shares of SCHO stock opened at $24.21 on Monday. The business’s fifty day moving average price is $24.36 and its 200 day moving average price is $24.37. Schwab Short-Term U.S. Treasury ETF has a 1-year low of $24.19 and a 1-year high of $24.47.

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

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

Schwab Short-Term U.S. Treasury ETF Company 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.