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) shares saw unusually-strong trading volume on Wednesday . Approximately 918,723 shares were traded during trading, an increase of 15% from the previous session’s volume of 800,833 shares.The stock last traded at $30.36 and had previously closed at $30.20.

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

The stock has a 50-day moving average price of $31.25 and a 200 day moving average price of $31.79.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Windsor Advisory Group LLC acquired a new position in Schwab Long-Term U.S. Treasury ETF in the first quarter valued at approximately $28,000. Compound Planning Inc. acquired a new position in Schwab Long-Term U.S. Treasury ETF in the first quarter valued at approximately $232,000. Scarborough Advisors LLC acquired a new position in Schwab Long-Term U.S. Treasury ETF in the first quarter valued at approximately $110,000. Frisch Financial Group Inc. acquired a new position in Schwab Long-Term U.S. Treasury ETF in the first quarter valued at approximately $1,000,000. Finally, Smart Money Group LLC boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 46.8% in the first quarter. Smart Money Group LLC now owns 34,937 shares of the company’s stock valued at $1,098,000 after purchasing an additional 11,131 shares in the last quarter.

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.