Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sets New 12-Month Low – Here’s Why

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $31.27 and last traded at $31.27, with a volume of 63707 shares. The stock had previously closed at $31.42.

Schwab Long-Term U.S. Treasury ETF Stock Down 0.5 %

The company’s fifty day moving average price is $32.53 and its 200 day moving average price is $33.58.

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

A number of large investors have recently modified their holdings of SCHQ. Jane Street Group LLC lifted its position in Schwab Long-Term U.S. Treasury ETF by 7.9% during the third quarter. Jane Street Group LLC now owns 26,337 shares of the company’s stock valued at $922,000 after purchasing an additional 1,923 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Schwab Long-Term U.S. Treasury ETF by 8.2% during the second quarter. Bank of New York Mellon Corp now owns 9,893 shares of the company’s stock valued at $325,000 after purchasing an additional 748 shares during the last quarter. Collective Family Office LLC lifted its position in Schwab Long-Term U.S. Treasury ETF by 64.4% during the third quarter. Collective Family Office LLC now owns 109,530 shares of the company’s stock valued at $3,832,000 after purchasing an additional 42,887 shares during the last quarter. Total Investment Management Inc. lifted its position in Schwab Long-Term U.S. Treasury ETF by 1.2% during the second quarter. Total Investment Management Inc. now owns 2,560,584 shares of the company’s stock valued at $84,013,000 after purchasing an additional 29,594 shares during the last quarter. Finally, Claro Advisors LLC lifted its position in Schwab Long-Term U.S. Treasury ETF by 9.2% during the third quarter. Claro Advisors LLC now owns 13,501 shares of the company’s stock valued at $472,000 after purchasing an additional 1,138 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.