Sei Investments Co. Buys 570,536 Shares of Schwab Short-Term U.S. Treasury ETF $SCHO

Sei Investments Co. boosted its stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 3.4% during the third quarter, Holdings Channel.com reports. The firm owned 17,596,729 shares of the company’s stock after buying an additional 570,536 shares during the period. Sei Investments Co.’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $429,361,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHO. Smartleaf Asset Management LLC boosted its stake in shares of 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 valued at $25,000 after purchasing an additional 718 shares during the period. Lowe Brockenbrough & Co. Inc. purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF in the third quarter worth $30,000. Smithfield Trust Co purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF in the third quarter worth $49,000. Promus Capital LLC bought a new stake in Schwab Short-Term U.S. Treasury ETF during the 3rd quarter valued at $63,000. Finally, Founders Financial Alliance LLC raised its holdings in Schwab Short-Term U.S. Treasury ETF by 20.5% during the 3rd quarter. Founders Financial Alliance LLC now owns 2,904 shares of the company’s stock valued at $71,000 after buying an additional 495 shares during the last quarter.

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

Shares of SCHO opened at $24.26 on Friday. Schwab Short-Term U.S. Treasury ETF has a twelve month low of $24.19 and a twelve month high of $24.47. The firm has a fifty day simple moving average of $24.37 and a two-hundred day simple moving average of $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 dividend of $0.0707 per share. This represents a c) dividend on an annualized basis 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.