Schwab Short-Term U.S. Treasury ETF $SCHO Shares Sold by Tortoise Investment Management LLC

Tortoise Investment Management LLC decreased its position in Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 34.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 77,386 shares of the company’s stock after selling 41,574 shares during the period. Tortoise Investment Management LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $1,888,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in Schwab Short-Term U.S. Treasury ETF by 235.4% in the third 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 last quarter. Lowe Brockenbrough & Co. Inc. acquired a new stake in Schwab Short-Term U.S. Treasury ETF during the third quarter worth $30,000. Smithfield Trust Co purchased a new stake in Schwab Short-Term U.S. Treasury ETF in the third quarter valued at $49,000. Promus Capital LLC purchased a new stake in Schwab Short-Term U.S. Treasury ETF in the third quarter valued at $63,000. Finally, Founders Financial Alliance LLC lifted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 20.5% in the 3rd 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 last quarter.

Schwab Short-Term U.S. Treasury ETF Stock Down 0.1%

NYSEARCA SCHO opened at $24.30 on Thursday. The firm’s 50-day moving average is $24.37 and its two-hundred day moving average is $24.38. Schwab Short-Term U.S. Treasury ETF has a 12 month low of $24.19 and a 12 month high of $24.47.

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

The company also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were paid a $0.0707 dividend. The ex-dividend date of this dividend 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 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.