Rialto Wealth Management LLC Trims Stock Holdings in Schwab Short-Term U.S. Treasury ETF $SCHO

Rialto Wealth Management LLC lowered its stake in shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) by 32.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,168 shares of the company’s stock after selling 25,358 shares during the period. Rialto Wealth Management LLC’s holdings in Schwab Short-Term U.S. Treasury ETF were worth $1,271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its stake in shares of 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 purchasing an additional 718 shares during the last quarter. Lowe Brockenbrough & Co. Inc. acquired a new position in shares of Schwab Short-Term U.S. Treasury ETF in the third quarter valued at approximately $30,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Schwab Short-Term U.S. Treasury ETF in the third quarter valued at approximately $41,000. Smithfield Trust Co purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF during the third quarter valued at approximately $49,000. Finally, Promus Capital LLC purchased a new position in shares of Schwab Short-Term U.S. Treasury ETF during the third quarter valued at approximately $63,000.

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

Shares of NYSEARCA SCHO opened at $24.24 on Tuesday. Schwab Short-Term U.S. Treasury ETF has a 1 year low of $24.19 and a 1 year high of $24.47. The firm’s 50 day moving average price is $24.35 and its 200 day moving average price is $24.37.

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

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.0707 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.5%.

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.