Brand Asset Management Group Inc. Acquires 86,824 Shares of Schwab Short-Term U.S. Treasury ETF $SCHO

Brand Asset Management Group Inc. grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 599.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,303 shares of the company’s stock after purchasing 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE grew its position in Schwab Short-Term U.S. Treasury ETF by 0.7% during the second quarter. Bank of America Corp DE now owns 109,087,556 shares of the company’s stock worth $2,659,555,000 after buying an additional 806,967 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Schwab Short-Term U.S. Treasury ETF by 5.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 23,077,707 shares of the company’s stock valued at $570,775,000 after acquiring an additional 1,237,815 shares in the last quarter. Sei Investments Co. lifted its position in shares of Schwab Short-Term U.S. Treasury ETF by 3.0% during the 2nd quarter. Sei Investments Co. now owns 17,026,193 shares of the company’s stock valued at $415,098,000 after acquiring an additional 500,652 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 40.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,819,204 shares of the company’s stock worth $93,112,000 after purchasing an additional 1,104,604 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 5.7% during the 3rd quarter. Wealthfront Advisers LLC now owns 3,787,747 shares of the company’s stock worth $92,421,000 after purchasing an additional 202,970 shares in the last quarter.

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

SCHO stock opened at $24.45 on Friday. The business 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 52 week low of $24.19 and a 52 week high of $24.47.

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

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

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.