SMI Advisory Services LLC Trims Holdings in Schwab Short-Term U.S. Treasury ETF $SCHO

SMI Advisory Services LLC lowered its stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 7.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 333,624 shares of the company’s stock after selling 27,098 shares during the quarter. Schwab Short-Term U.S. Treasury ETF accounts for 1.4% of SMI Advisory Services LLC’s investment portfolio, making the stock its 14th largest position. SMI Advisory Services LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $8,130,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SCHO. Brighton Jones LLC raised its position 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 valued at $444,000 after buying an additional 12,810 shares during the period. Global Retirement Partners LLC acquired a new stake in Schwab Short-Term U.S. Treasury ETF during the second quarter worth $1,674,000. Steward Partners Investment Advisory LLC increased 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 acquiring an additional 24,158 shares during the last quarter. XTX Topco Ltd purchased a new stake in Schwab Short-Term U.S. Treasury ETF in the second quarter valued at $214,000. Finally, J.W. Cole Advisors Inc. raised its position in Schwab Short-Term U.S. Treasury ETF by 2.9% in the second quarter. J.W. Cole Advisors Inc. now owns 42,117 shares of the company’s stock valued at $1,027,000 after purchasing an additional 1,192 shares during the period.

Schwab Short-Term U.S. Treasury ETF Stock Down 0.2%

Shares of Schwab Short-Term U.S. Treasury ETF stock opened at $24.17 on Friday. Schwab Short-Term U.S. Treasury ETF has a 52 week low of $24.17 and a 52 week high of $24.47. The business’s fifty day simple moving average is $24.34 and its 200-day simple moving average is $24.37.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a $0.0707 dividend. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, March 2nd.

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.