JPL Wealth Management LLC Boosts Holdings in Schwab Short-Term U.S. Treasury ETF $SCHO

JPL Wealth Management LLC grew its stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 675,767 shares of the company’s stock after acquiring an additional 27,015 shares during the quarter. Schwab Short-Term U.S. Treasury ETF comprises about 3.9% of JPL Wealth Management LLC’s investment portfolio, making the stock its biggest holding. JPL Wealth Management LLC owned 0.14% of Schwab Short-Term U.S. Treasury ETF worth $16,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SCHO. Brighton Jones LLC grew its position in Schwab Short-Term U.S. Treasury ETF by 227.2% in 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 during the period. Bank of New York Mellon Corp lifted its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 214.0% during the 2nd 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 during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 88.7% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 166,119 shares of the company’s stock worth $4,050,000 after buying an additional 78,089 shares during the last quarter. Farrow Financial Inc. boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 2.1% in the 2nd quarter. Farrow Financial Inc. now owns 181,750 shares of the company’s stock worth $4,431,000 after buying an additional 3,764 shares during the last quarter. Finally, United Advisor Group LLC bought a new stake in shares of Schwab Short-Term U.S. Treasury ETF in the second quarter worth $1,259,000.

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

Schwab Short-Term U.S. Treasury ETF stock opened at $24.26 on Monday. Schwab Short-Term U.S. Treasury ETF has a one year low of $24.19 and a one year high of $24.47. The stock has a fifty day moving average of $24.37 and a 200 day moving average of $24.38.

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

The company also recently declared a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.0707 per share. This represents a c) dividend on an annualized basis and a dividend 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.