Brand Asset Management Group Inc. Has $2.47 Million Holdings in Schwab Short-Term U.S. Treasury ETF $SCHO

Brand Asset Management Group Inc. grew its position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 599.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 101,303 shares of the company’s stock after acquiring an additional 86,824 shares during the period. Brand Asset Management Group Inc.’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $2,472,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in 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 worth $25,000 after purchasing 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 third quarter valued at about $30,000. Smithfield Trust Co bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the third quarter worth about $49,000. Founders Financial Alliance LLC grew its holdings in shares of 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 worth $71,000 after purchasing an additional 495 shares during the last quarter. Finally, AllSquare Wealth Management LLC increased its stake in shares of 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 valued at $75,000 after buying an additional 2,000 shares during the period.

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

Shares of NYSEARCA SCHO opened at $24.45 on Friday. The company has a 50 day simple moving average of $24.38 and a 200 day simple moving average of $24.38. Schwab Short-Term U.S. Treasury ETF has a 1 year low of $24.19 and a 1 year high of $24.47.

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

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

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.