Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Unusually-High Trading Volume

Shares of Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) saw unusually-high trading volume on Tuesday . Approximately 101,554 shares traded hands during mid-day trading, a decline of 61% from the previous session’s volume of 259,280 shares.The stock last traded at $35.92 and had previously closed at $35.98.

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

The company’s 50-day moving average is $34.37 and its 200-day moving average is $33.36.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. TSA Wealth Managment LLC acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF during the 4th quarter worth about $411,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 13.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 234,831 shares of the company’s stock worth $7,921,000 after buying an additional 27,953 shares in the last quarter. Tortoise Investment Management LLC raised its stake in shares of Schwab Long-Term U.S. Treasury ETF by 64.9% in the fourth quarter. Tortoise Investment Management LLC now owns 2,400 shares of the company’s stock valued at $84,000 after acquiring an additional 945 shares during the last quarter. Beacon Bridge Wealth Partners LLC boosted its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 43.4% in the 4th quarter. Beacon Bridge Wealth Partners LLC now owns 105,646 shares of the company’s stock worth $3,706,000 after acquiring an additional 31,953 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Schwab Long-Term U.S. Treasury ETF during the first quarter worth $7,127,000.

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.