JPL Wealth Management LLC Has $16.49 Million Position in Schwab Short-Term U.S. Treasury ETF $SCHO

JPL Wealth Management LLC raised its holdings in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 675,767 shares of the company’s stock after buying an additional 27,015 shares during the period. Schwab Short-Term U.S. Treasury ETF comprises 3.9% of JPL Wealth Management LLC’s portfolio, making the stock its largest holding. JPL Wealth Management LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $16,489,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in shares of Schwab Short-Term U.S. Treasury ETF by 235.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,023 shares of the company’s stock valued at $25,000 after acquiring an additional 718 shares during the period. Lowe Brockenbrough & Co. Inc. bought a new position in Schwab Short-Term U.S. Treasury ETF in the 3rd quarter worth $30,000. Smithfield Trust Co purchased a new position in Schwab Short-Term U.S. Treasury ETF during the third quarter valued at $49,000. Promus Capital LLC purchased a new position in Schwab Short-Term U.S. Treasury ETF during the third quarter valued at $63,000. Finally, Founders Financial Alliance LLC grew its holdings in Schwab Short-Term U.S. Treasury ETF by 20.5% during the third quarter. Founders Financial Alliance LLC now owns 2,904 shares of the company’s stock valued at $71,000 after purchasing an additional 495 shares during the period.

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

Shares of SCHO opened at $24.26 on Monday. The business has a 50-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 has a 52 week low of $24.19 and a 52 week high of $24.47.

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 paid a dividend of $0.0707 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

Schwab Short-Term U.S. Treasury ETF 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.