Bank of America Corp DE Acquires 9,578,278 Shares of Schwab Short-Term U.S. Treasury ETF $SCHO

Bank of America Corp DE boosted its holdings in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,665,834 shares of the company’s stock after purchasing an additional 9,578,278 shares during the quarter. Bank of America Corp DE owned 24.23% of Schwab Short-Term U.S. Treasury ETF worth $2,895,446,000 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. Brighton Jones LLC grew 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 worth $444,000 after purchasing an additional 12,810 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Schwab Short-Term U.S. Treasury ETF by 214.0% in the second quarter. Bank of New York Mellon Corp now owns 585,777 shares of the company’s stock valued at $14,281,000 after buying an additional 399,216 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 88.7% in the second quarter. Rockefeller Capital Management L.P. now owns 166,119 shares of the company’s stock valued at $4,050,000 after buying an additional 78,089 shares during the period. Farrow Financial Inc. boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 2.1% in the second quarter. Farrow Financial Inc. now owns 181,750 shares of the company’s stock valued at $4,431,000 after buying an additional 3,764 shares during the period. Finally, United Advisor Group LLC acquired a new stake in Schwab Short-Term U.S. Treasury ETF during the second quarter worth approximately $1,259,000.

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

Shares of NYSEARCA:SCHO opened at $24.26 on Friday. The business’s 50 day simple moving average is $24.37 and its 200 day simple moving average is $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 Cuts Dividend

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

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.