Schwab Short-Term U.S. Treasury ETF Stock Set to Split on Friday, October 11th (NYSEARCA:SCHO)

Shares of Schwab Short-Term U.S. Treasury ETF (NYSEARCA:SCHO) are set to split on Friday, October 11th. The 2-1 split was announced on Wednesday, September 25th. The newly minted shares will be payable to shareholders after the closing bell on Thursday, October 10th.

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

NYSEARCA:SCHO traded down $0.06 during midday trading on Thursday, hitting $48.79. The company had a trading volume of 1,318,138 shares, compared to its average volume of 1,306,866. Schwab Short-Term U.S. Treasury ETF has a 52-week low of $47.68 and a 52-week high of $49.07. The stock’s fifty day moving average price is $48.76 and its 200-day moving average price is $48.29.

Hedge Funds Weigh In On Schwab Short-Term U.S. Treasury ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Marotta Asset Management boosted its stake in Schwab Short-Term U.S. Treasury ETF by 0.4% in the third quarter. Marotta Asset Management now owns 287,288 shares of the company’s stock worth $14,071,000 after buying an additional 1,019 shares in the last quarter. DBK Financial Counsel LLC boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 6.0% in the 3rd quarter. DBK Financial Counsel LLC now owns 68,384 shares of the company’s stock valued at $3,349,000 after purchasing an additional 3,875 shares in the last quarter. Kades & Cheifetz LLC boosted its stake in shares of Schwab Short-Term U.S. Treasury ETF by 4.1% in the 3rd quarter. Kades & Cheifetz LLC now owns 105,101 shares of the company’s stock valued at $5,148,000 after purchasing an additional 4,141 shares in the last quarter. Abacus Planning Group Inc. grew its holdings in shares of Schwab Short-Term U.S. Treasury ETF by 1.7% during the 3rd quarter. Abacus Planning Group Inc. now owns 160,201 shares of the company’s stock valued at $7,847,000 after purchasing an additional 2,736 shares during the last quarter. Finally, Passive Capital Management LLC. lifted its stake in Schwab Short-Term U.S. Treasury ETF by 6.8% in the second quarter. Passive Capital Management LLC. now owns 550,408 shares of the company’s stock worth $26,491,000 after purchasing an additional 34,865 shares during the last quarter.

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.