Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 531,717 shares traded hands during mid-day trading, an increase of 36% from the previous session’s volume of 389,650 shares.The stock last traded at $31.36 and had previously closed at $31.92.
Schwab Long-Term U.S. Treasury ETF Stock Down 2.2 %
The business has a fifty day simple moving average of $32.38 and a 200-day simple moving average of $32.59.
Hedge Funds Weigh In On Schwab Long-Term U.S. Treasury ETF
A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Schwab Long-Term U.S. Treasury ETF in the fourth quarter worth about $11,183,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Schwab Long-Term U.S. Treasury ETF by 23.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,224,522 shares of the company’s stock valued at $38,364,000 after purchasing an additional 235,838 shares in the last quarter. Birmingham Capital Management Co. Inc. AL bought a new stake in Schwab Long-Term U.S. Treasury ETF during the fourth quarter worth approximately $4,652,000. MML Investors Services LLC increased its position in shares of Schwab Long-Term U.S. Treasury ETF by 41.2% during the 3rd quarter. MML Investors Services LLC now owns 456,967 shares of the company’s stock valued at $15,989,000 after purchasing an additional 133,361 shares during the last quarter. Finally, Total Investment Management Inc. increased its position in Schwab Long-Term U.S. Treasury ETF by 3.4% during the fourth quarter. Total Investment Management Inc. now owns 2,831,956 shares of the company’s stock valued at $89,008,000 after acquiring an additional 93,851 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.
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