Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sets New 1-Year Low – What’s Next?

Shares of Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) reached a new 52-week low during trading on Wednesday. The stock traded as low as $29.32 and last traded at $29.3250, with a volume of 1335170 shares trading hands. The stock had previously closed at $29.75.

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

The business’s 50-day moving average price is $29.97 and its two-hundred day moving average price is $30.74.

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

Large investors have recently bought and sold shares of the company. Tidal Investments LLC raised its position in shares of Schwab Long-Term U.S. Treasury ETF by 106.3% in the 2nd quarter. Tidal Investments LLC now owns 1,394,729 shares of the company’s stock valued at $43,446,000 after buying an additional 718,572 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Schwab Long-Term U.S. Treasury ETF by 77.5% during the 2nd quarter. IFP Advisors Inc now owns 55,172 shares of the company’s stock worth $1,727,000 after acquiring an additional 24,084 shares in the last quarter. Citadel Advisors LLC bought a new position in Schwab Long-Term U.S. Treasury ETF in the second quarter valued at approximately $471,000. Compass Financial Management LLC acquired a new position in Schwab Long-Term U.S. Treasury ETF during the second quarter valued at approximately $1,575,000. Finally, Blalock Williams LLC bought a new stake in Schwab Long-Term U.S. Treasury ETF during the second quarter worth $249,000.

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.