Oakwell Private Wealth Management LLC Invests $8.21 Million in Schwab Short-Term U.S. Treasury ETF $SCHO

Oakwell Private Wealth Management LLC bought a new stake in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 336,282 shares of the company’s stock, valued at approximately $8,205,000. Schwab Short-Term U.S. Treasury ETF makes up approximately 1.6% of Oakwell Private Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. Oakwell Private Wealth Management LLC owned 0.07% of Schwab Short-Term U.S. Treasury ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its stake in shares of Schwab Short-Term U.S. Treasury ETF by 235.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,023 shares of the company’s stock valued at $25,000 after buying an additional 718 shares in the last quarter. Lowe Brockenbrough & Co. Inc. acquired a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the 3rd quarter valued at about $30,000. Smithfield Trust Co bought a new stake in Schwab Short-Term U.S. Treasury ETF in the third quarter valued at about $49,000. Founders Financial Alliance LLC increased its stake in Schwab Short-Term U.S. Treasury ETF by 20.5% in the third quarter. Founders Financial Alliance LLC now owns 2,904 shares of the company’s stock valued at $71,000 after acquiring an additional 495 shares during the period. Finally, AllSquare Wealth Management LLC raised its position in Schwab Short-Term U.S. Treasury ETF by 183.3% in the second quarter. AllSquare Wealth Management LLC now owns 3,091 shares of the company’s stock worth $75,000 after purchasing an additional 2,000 shares in the last quarter.

Schwab Short-Term U.S. Treasury ETF Stock Down 0.0%

NYSEARCA SCHO opened at $24.34 on Wednesday. Schwab Short-Term U.S. Treasury ETF has a 1-year low of $24.19 and a 1-year high of $24.47. The stock’s 50 day moving average is $24.38 and its two-hundred day moving average is $24.38.

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

The business also recently declared a monthly dividend, which will be paid on Friday, March 6th. Investors of record on Monday, March 2nd will be paid a $0.0707 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend 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.