Cornerstone Planning Group LLC Invests $546,000 in Schwab Long-Term U.S. Treasury ETF $SCHQ

Cornerstone Planning Group LLC acquired a new stake in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,905 shares of the company’s stock, valued at approximately $546,000.

Several other hedge funds have also added to or reduced their stakes in SCHQ. Carolina Wealth Advisors LLC lifted its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 1,885.9% during the third quarter. Carolina Wealth Advisors LLC now owns 585,782 shares of the company’s stock worth $18,927,000 after purchasing an additional 556,285 shares during the period. Thrivent Financial for Lutherans acquired a new stake in Schwab Long-Term U.S. Treasury ETF in the second quarter valued at $2,010,000. Centric Wealth Management raised its position in Schwab Long-Term U.S. Treasury ETF by 8.7% during the 2nd quarter. Centric Wealth Management now owns 143,603 shares of the company’s stock worth $4,538,000 after purchasing an additional 11,450 shares during the last quarter. Meridian Management Co. bought a new position in Schwab Long-Term U.S. Treasury ETF during the 2nd quarter worth $508,000. Finally, Strategic Blueprint LLC grew its position in shares of Schwab Long-Term U.S. Treasury ETF by 5.1% in the 2nd quarter. Strategic Blueprint LLC now owns 17,488 shares of the company’s stock valued at $558,000 after buying an additional 845 shares during the last quarter.

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

Shares of SCHQ stock opened at $31.44 on Tuesday. Schwab Long-Term U.S. Treasury ETF has a 1-year low of $30.24 and a 1-year high of $33.82. The stock has a 50-day moving average of $31.92 and a 200-day moving average of $32.03.

Schwab Long-Term U.S. Treasury ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 6th. Investors of record on Monday, February 2nd will be issued a $0.148 dividend. The ex-dividend date is Monday, February 2nd. This is a boost from Schwab Long-Term U.S. Treasury ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a yield of 5.6%.

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.