Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Hits New 52-Week Low – Here’s Why

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQGet Free Report) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $29.81 and last traded at $29.82, with a volume of 25576 shares traded. The stock had previously closed at $29.92.

Schwab Long-Term U.S. Treasury ETF Price Performance

The business’s fifty day moving average price is $30.68 and its two-hundred day moving average price is $31.22.

Institutional Investors Weigh In On Schwab Long-Term U.S. Treasury ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in Schwab Long-Term U.S. Treasury ETF by 229.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 797 shares of the company’s stock worth $25,000 after purchasing an additional 555 shares in the last quarter. Windsor Advisory Group LLC purchased a new stake in Schwab Long-Term U.S. Treasury ETF during the 1st quarter worth about $28,000. Kestra Advisory Services LLC purchased a new stake in shares of Schwab Long-Term U.S. Treasury ETF during the 4th quarter worth $45,000. Atlas Capital Advisors Inc. purchased a new position in Schwab Long-Term U.S. Treasury ETF in the fourth quarter valued at approximately $51,000. Finally, Dogwood Wealth Management LLC boosted its stake in Schwab Long-Term U.S. Treasury ETF by 1,049.7% in the second quarter. Dogwood Wealth Management LLC now owns 1,920 shares of the company’s stock valued at $60,000 after acquiring an additional 1,753 shares in the last quarter.

Schwab Long-Term U.S. Treasury ETF Company Profile

(Get Free Report)

The Schwab Long-Term U.S. Treasury ETF (SCHQ) is an exchange-traded fund that is based on the Bloomberg US Long Treasury index. The fund tracks a market-value weighted Index of U.S. Investment-grade Treasury bonds with remaining maturities of 10 years or more. SCHQ was launched on Oct 10, 2019 and is managed by Charles Schwab.

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