Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Strong Trading Volume – Should You Buy?

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) saw strong trading volume on Wednesday . 234,222 shares changed hands during mid-day trading, a decline of 12% from the previous session’s volume of 265,970 shares.The stock last traded at $31.24 and had previously closed at $30.72.

Schwab Long-Term U.S. Treasury ETF Trading Up 0.4 %

The stock has a fifty day simple moving average of $32.24 and a 200 day simple moving average of $33.45.

Institutional Investors Weigh In On Schwab Long-Term U.S. Treasury ETF

Several institutional investors and hedge funds have recently modified their holdings of SCHQ. Bogart Wealth LLC increased its stake in Schwab Long-Term U.S. Treasury ETF by 60.4% in the 3rd quarter. Bogart Wealth LLC now owns 2,085 shares of the company’s stock worth $73,000 after acquiring an additional 785 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the fourth quarter valued at $184,000. Roger Wittlin Investment Advisory LLC purchased a new stake in Schwab Long-Term U.S. Treasury ETF in the 3rd quarter worth about $204,000. Commonwealth Equity Services LLC raised its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 32.9% in the second quarter. Commonwealth Equity Services LLC now owns 7,880 shares of the company’s stock worth $259,000 after buying an additional 1,950 shares during the period. Finally, Magnus Financial Group LLC lifted its position in shares of Schwab Long-Term U.S. Treasury ETF by 36.7% during the third quarter. Magnus Financial Group LLC now owns 8,730 shares of the company’s stock worth $305,000 after purchasing an additional 2,342 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.