Schwab Short-Term U.S. Treasury ETF $SCHO Shares Sold by IFP Advisors Inc

IFP Advisors Inc cut its holdings in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 39.9% during the 3rd quarter, according to its most recent 13F filing 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.

Several other hedge funds have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its position in Schwab Short-Term U.S. Treasury ETF by 235.4% during the third quarter. Smartleaf Asset Management LLC now owns 1,023 shares of the company’s stock worth $25,000 after acquiring an additional 718 shares during the last quarter. Lowe Brockenbrough & Co. Inc. acquired a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the third quarter valued at approximately $30,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the third quarter valued at approximately $41,000. Smithfield Trust Co purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF during the 3rd quarter worth approximately $49,000. Finally, Promus Capital LLC purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF during the 3rd quarter worth approximately $63,000.

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

Shares of Schwab Short-Term U.S. Treasury ETF stock opened at $24.21 on Monday. Schwab Short-Term U.S. Treasury ETF has a 1 year low of $24.19 and a 1 year high of $24.47. The business has a 50 day moving average price of $24.36 and a 200 day moving average price of $24.37.

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

The business 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 of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a 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.