Mission Wealth Management LP Reduces Stake in Schwab Short-Term U.S. Treasury ETF $SCHO

Mission Wealth Management LP cut its holdings in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 54.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,117 shares of the company’s stock after selling 114,645 shares during the period. Mission Wealth Management LP’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $2,370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHO. Morling Financial Advisors LLC increased its position in Schwab Short-Term U.S. Treasury ETF by 40.1% during the 3rd quarter. Morling Financial Advisors LLC now owns 6,911 shares of the company’s stock valued at $169,000 after purchasing an additional 1,979 shares during the period. Atlantic Union Bankshares Corp lifted its holdings in Schwab Short-Term U.S. Treasury ETF by 25.3% in the third quarter. Atlantic Union Bankshares Corp now owns 7,897 shares of the company’s stock worth $193,000 after buying an additional 1,596 shares during the period. Win Advisors Inc. boosted its position in shares of Schwab Short-Term U.S. Treasury ETF by 46.4% during the third quarter. Win Advisors Inc. now owns 47,027 shares of the company’s stock valued at $1,147,000 after purchasing an additional 14,903 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Schwab Short-Term U.S. Treasury ETF by 20.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 66,041 shares of the company’s stock worth $1,611,000 after buying an additional 11,383 shares during the period. Finally, Mission Hills Financial Advisory LLC lifted its position in Schwab Short-Term U.S. Treasury ETF by 30.9% during the 3rd quarter. Mission Hills Financial Advisory LLC now owns 25,059 shares of the company’s stock valued at $611,000 after acquiring an additional 5,919 shares during the period.

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

Shares of SCHO opened at $24.32 on Wednesday. Schwab Short-Term U.S. Treasury ETF has a fifty-two week low of $24.10 and a fifty-two week high of $24.47. The firm’s 50-day simple moving average is $24.37 and its two-hundred day simple moving average is $24.37.

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

The business also recently announced a monthly dividend, which will be paid on Friday, February 6th. Stockholders of record on Monday, February 2nd will be paid a $0.0869 dividend. This is an increase from Schwab Short-Term U.S. Treasury ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, February 2nd.

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.