Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Strong Trading Volume – Here’s What Happened

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) saw unusually-strong trading volume on Wednesday . Approximately 760,130 shares changed hands during trading, an increase of 87% from the previous session’s volume of 406,134 shares.The stock last traded at $31.5740 and had previously closed at $31.49.

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

The stock’s fifty day simple moving average is $31.99 and its 200-day simple moving average is $31.98.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Galvin Gaustad & Stein LLC grew its holdings in Schwab Long-Term U.S. Treasury ETF by 1.2% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 76,830 shares of the company’s stock valued at $2,436,000 after purchasing an additional 928 shares during the last quarter. Worth Asset Management LLC acquired a new stake in Schwab Long-Term U.S. Treasury ETF during the 4th quarter valued at $339,000. Two West Capital Advisors LLC increased its position in Schwab Long-Term U.S. Treasury ETF by 16.7% during the fourth quarter. Two West Capital Advisors LLC now owns 7,231 shares of the company’s stock worth $229,000 after buying an additional 1,035 shares in the last quarter. Silverlake Wealth Management LLC increased its position in Schwab Long-Term U.S. Treasury ETF by 91.3% during the fourth quarter. Silverlake Wealth Management LLC now owns 20,631 shares of the company’s stock worth $654,000 after buying an additional 9,849 shares in the last quarter. Finally, Charles Schwab Trust Co raised its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 1.5% in the fourth quarter. Charles Schwab Trust Co now owns 68,832 shares of the company’s stock worth $2,182,000 after acquiring an additional 990 shares during the last quarter.

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

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.