Sagespring Wealth Partners LLC Buys New Position in Schwab Short-Term U.S. Treasury ETF $SCHO

Sagespring Wealth Partners LLC bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) in the 4th quarter, HoldingsChannel reports. The firm bought 23,591 shares of the company’s stock, valued at approximately $575,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in shares of 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 acquiring an additional 12,810 shares during the last quarter. Global Retirement Partners LLC bought a new position in Schwab Short-Term U.S. Treasury ETF in the second quarter valued at $1,674,000. Act Two Investors LLC raised its position in Schwab Short-Term U.S. Treasury ETF by 9.8% during the second quarter. Act Two Investors LLC now owns 394,909 shares of the company’s stock valued at $9,628,000 after purchasing an additional 35,306 shares in the last quarter. Burk Holdings LLC purchased a new stake in Schwab Short-Term U.S. Treasury ETF during the second quarter valued at about $934,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in Schwab Short-Term U.S. Treasury ETF by 289.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 32,516 shares of the company’s stock worth $793,000 after purchasing an additional 24,158 shares during the last quarter.

Schwab Short-Term U.S. Treasury ETF Trading Up 0.1%

SCHO opened at $24.24 on Tuesday. The stock has a 50-day moving average price of $24.35 and a 200-day moving average price of $24.37. Schwab Short-Term U.S. Treasury ETF has a 12-month low of $24.19 and a 12-month high of $24.47.

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

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors 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 of this dividend 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.