Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Unusually-High Trading Volume – What’s Next?

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) shares saw strong trading volume on Wednesday . 809,915 shares changed hands during mid-day trading, an increase of 155% from the previous session’s volume of 317,416 shares.The stock last traded at $32.69 and had previously closed at $32.61.

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

The business has a fifty day simple moving average of $32.04 and a 200-day simple moving average of $32.89.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the fourth quarter valued at about $27,000. Aptus Capital Advisors LLC acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the fourth quarter valued at about $80,000. Oarsman Capital Inc. acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the fourth quarter valued at about $83,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the fourth quarter valued at about $184,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of Schwab Long-Term U.S. Treasury ETF by 19.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,671 shares of the company’s stock valued at $241,000 after buying an additional 1,266 shares during the period.

About Schwab Long-Term U.S. Treasury ETF

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.