Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Reaches New 1-Year Low – Should You Sell?

Shares of Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) reached a new 52-week low during trading on Tuesday . The stock traded as low as $30.18 and last traded at $30.18, with a volume of 45126 shares changing hands. The stock had previously closed at $30.38.

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

The business has a fifty day moving average of $31.28 and a 200 day moving average of $31.80.

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

A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its holdings in Schwab Long-Term U.S. Treasury ETF by 229.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 797 shares of the company’s stock valued at $25,000 after buying an additional 555 shares during the period. Windsor Advisory Group LLC acquired a new position in Schwab Long-Term U.S. Treasury ETF in the first quarter valued at about $28,000. Kestra Advisory Services LLC purchased a new position in Schwab Long-Term U.S. Treasury ETF during the fourth quarter worth about $45,000. Atlas Capital Advisors Inc. purchased a new position in Schwab Long-Term U.S. Treasury ETF during the fourth quarter worth about $51,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Schwab Long-Term U.S. Treasury ETF by 11,843.5% during the third quarter. Smartleaf Asset Management LLC now owns 2,747 shares of the company’s stock valued at $89,000 after acquiring an additional 2,724 shares during the last quarter.

About Schwab Long-Term U.S. Treasury ETF

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.