Sfmg LLC Decreases Stake in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ)

Sfmg LLC cut its position in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) by 2.7% during the fourth quarter, HoldingsChannel reports. The firm owned 655,029 shares of the company’s stock after selling 18,472 shares during the quarter. Schwab Long-Term U.S. Treasury ETF accounts for 2.1% of Sfmg LLC’s holdings, making the stock its 12th biggest position. Sfmg LLC owned about 0.06% of Schwab Long-Term U.S. Treasury ETF worth $22,978,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHQ. Total Investment Management Inc. lifted its stake in Schwab Long-Term U.S. Treasury ETF by 177.1% during the third quarter. Total Investment Management Inc. now owns 2,429,213 shares of the company’s stock worth $76,957,000 after purchasing an additional 1,552,646 shares during the last quarter. Ambassador Advisors LLC lifted its position in shares of Schwab Long-Term U.S. Treasury ETF by 47.0% during the 2nd quarter. Ambassador Advisors LLC now owns 1,094,461 shares of the company’s stock worth $37,091,000 after buying an additional 349,868 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 48.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 613,337 shares of the company’s stock valued at $19,431,000 after buying an additional 201,178 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Schwab Long-Term U.S. Treasury ETF by 762.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 118,086 shares of the company’s stock valued at $3,611,000 after buying an additional 104,400 shares during the last quarter. Finally, MML Investors Services LLC purchased a new position in shares of Schwab Long-Term U.S. Treasury ETF in the 2nd quarter valued at $3,692,000.

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

SCHQ traded up $0.20 on Wednesday, reaching $31.81. The company had a trading volume of 35,916 shares, compared to its average volume of 260,774. Schwab Long-Term U.S. Treasury ETF has a 1 year low of $29.62 and a 1 year high of $37.78. The stock has a 50-day moving average price of $33.21 and a 200-day moving average price of $32.95.

Schwab Long-Term U.S. Treasury ETF 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.