Sheets Smith Wealth Management Buys 7,733 Shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

Sheets Smith Wealth Management grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 13.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,295 shares of the company’s stock after buying an additional 7,733 shares during the period. Sheets Smith Wealth Management owned 0.06% of Schwab Short-Term U.S. Treasury ETF worth $3,177,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Lincoln Capital Corp purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF in the 1st quarter worth about $4,819,000. Pinnacle Advisory Group Inc. raised its position in shares of Schwab Short-Term U.S. Treasury ETF by 3,568.9% in the 4th quarter. Pinnacle Advisory Group Inc. now owns 667,185 shares of the company’s stock worth $33,299,000 after purchasing an additional 649,000 shares during the last quarter. Sowell Financial Services LLC purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF in the 4th quarter worth about $1,464,000. RHS Financial LLC purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF in the 4th quarter worth about $743,000. Finally, Taylor Hoffman Wealth Management purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF in the 4th quarter worth about $81,000.

Shares of SCHO remained flat at $$50.59 during trading hours on Friday. The stock had a trading volume of 642,200 shares, compared to its average volume of 1,084,848. Schwab Short-Term U.S. Treasury ETF has a 12-month low of $49.42 and a 12-month high of $50.63. The stock’s 50-day moving average price is $50.36.

The firm also recently announced a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, June 4th were given a $0.1077 dividend. This is a positive change from Schwab Short-Term U.S. Treasury ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.29 dividend on an annualized basis and a yield of 2.55%.

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Institutional Ownership by Quarter for Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO)

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