Bard Associates Inc. Invests $6.74 Million in Schwab Short-Term U.S. Treasury ETF $SCHO

Bard Associates Inc. acquired a new position in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 276,368 shares of the company’s stock, valued at approximately $6,743,000. Schwab Short-Term U.S. Treasury ETF accounts for about 1.8% of Bard Associates Inc.’s investment portfolio, making the stock its 11th largest holding. Bard Associates Inc. owned approximately 0.06% of Schwab Short-Term U.S. Treasury ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SCHO. Smartleaf Asset Management LLC boosted its stake in 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 worth $25,000 after acquiring an additional 718 shares during the last quarter. Lowe Brockenbrough & Co. Inc. bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the third quarter worth about $30,000. Smithfield Trust Co bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the third quarter worth about $49,000. Promus Capital LLC acquired a new stake in shares of Schwab Short-Term U.S. Treasury ETF during the third quarter worth about $63,000. Finally, Founders Financial Alliance LLC raised its position 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 period.

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

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 fifty-two week low of $24.19 and a fifty-two week 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. Shareholders of record on Monday, March 2nd were issued a dividend of $0.0707 per share. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, March 2nd.

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.