Dock Street Asset Management Inc. Purchases New Position in Schwab Short-Term U.S. Treasury ETF $SCHO

Dock Street Asset Management Inc. purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 325,122 shares of the company’s stock, valued at approximately $7,923,000. Schwab Short-Term U.S. Treasury ETF accounts for approximately 0.7% of Dock Street Asset Management Inc.’s holdings, making the stock its 23rd largest holding. Dock Street Asset Management Inc. owned 0.07% of Schwab Short-Term U.S. Treasury ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in Schwab Short-Term U.S. Treasury ETF by 8.8% in the 3rd quarter. Bank of America Corp DE now owns 118,665,834 shares of the company’s stock valued at $2,895,446,000 after buying an additional 9,578,278 shares during the period. Cerity Partners LLC lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 5,194.3% in the 2nd quarter. Cerity Partners LLC now owns 3,267,650 shares of the company’s stock worth $79,665,000 after acquiring an additional 3,205,930 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 89.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,744,373 shares of the company’s stock worth $66,880,000 after acquiring an additional 1,292,926 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 5.7% in the second quarter. Ameriprise Financial Inc. now owns 23,077,707 shares of the company’s stock valued at $570,775,000 after acquiring an additional 1,237,815 shares in the last quarter. Finally, Access Financial Services Inc. increased its stake in shares of Schwab Short-Term U.S. Treasury ETF by 112.5% during the third 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 period.

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

NYSEARCA SCHO opened at $24.27 on Wednesday. Schwab Short-Term U.S. Treasury ETF has a 52-week low of $24.17 and a 52-week high of $24.47. The firm has a 50-day moving average price of $24.34 and a 200 day moving average price of $24.37.

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

The firm 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. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.5%.

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.