Schwab Short-Term U.S. Treasury ETF $SCHO Position Increased by Bangor Savings Bank

Bangor Savings Bank grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,443,542 shares of the company’s stock after acquiring an additional 209,266 shares during the quarter. Schwab Short-Term U.S. Treasury ETF comprises 4.8% of Bangor Savings Bank’s investment portfolio, making the stock its 6th largest position. Bangor Savings Bank owned about 0.50% of Schwab Short-Term U.S. Treasury ETF worth $59,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SCHO. Bank of America Corp DE raised its stake in Schwab Short-Term U.S. Treasury ETF by 8.8% in the third quarter. Bank of America Corp DE now owns 118,665,834 shares of the company’s stock valued at $2,895,446,000 after purchasing an additional 9,578,278 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Schwab Short-Term U.S. Treasury ETF by 5.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 23,077,707 shares of the company’s stock worth $570,775,000 after buying an additional 1,237,815 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 3.4% in the 3rd quarter. Sei Investments Co. now owns 17,596,729 shares of the company’s stock worth $429,361,000 after buying an additional 570,536 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 5.7% in the 3rd quarter. Wealthfront Advisers LLC now owns 3,787,747 shares of the company’s stock worth $92,421,000 after buying an additional 202,970 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC raised its position in shares of Schwab Short-Term U.S. Treasury ETF by 6.7% during the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 3,670,514 shares of the company’s stock valued at $89,450,000 after buying an additional 229,449 shares in the last quarter.

Schwab Short-Term U.S. Treasury ETF Stock Down 0.3%

NYSEARCA SCHO opened at $24.20 on Thursday. Schwab Short-Term U.S. Treasury ETF has a 52-week low of $24.17 and a 52-week high of $24.47. The company has a fifty day moving average of $24.33 and a 200-day moving average of $24.37.

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

The company also recently declared 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) dividend on an annualized basis 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.