Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Large Volume Increase – Here’s Why

Shares of Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ – Get Free Report) saw an uptick in trading volume on Wednesday. 2,346,605 shares changed hands during mid-day trading, an increase of 159% from the previous session’s volume of 907,425 shares. The stock last traded at $29.2050 and had previously closed at $29.19.

Schwab Long-Term U.S. Treasury ETF Trading Up 0.2%

The firm has a 50-day moving average of $29.40 and a two-hundred day moving average of $30.38.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Windsor Advisory Group LLC purchased a new stake in shares of Schwab Long-Term U.S. Treasury ETF during the first quarter worth about $28,000. Dogwood Wealth Management LLC grew its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 1,049.7% during the second quarter. Dogwood Wealth Management LLC now owns 1,920 shares of the company’s stock valued at $60,000 after buying an additional 1,753 shares during the last quarter. SouthState Bank Corp purchased a new stake in shares of Schwab Long-Term U.S. Treasury ETF during the first quarter valued at $94,000. Scarborough Advisors LLC bought a new position in shares of Schwab Long-Term U.S. Treasury ETF during the 1st quarter valued at $110,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Schwab Long-Term U.S. Treasury ETF during the 2nd quarter worth $97,000.

About Schwab Long-Term U.S. Treasury ETF

(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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