Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Large Volume Increase – Time to Buy?

Shares of Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) saw unusually-high trading volume on Wednesday . Approximately 760,130 shares changed hands during trading, an increase of 87% from the previous session’s volume of 406,134 shares.The stock last traded at $31.5740 and had previously closed at $31.49.

Schwab Long-Term U.S. Treasury ETF Stock Up 0.7%

The company has a 50 day moving average price of $32.02 and a 200-day moving average price of $31.99.

Institutional Trading of Schwab Long-Term U.S. Treasury ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SCHQ. Carolina Wealth Advisors LLC boosted its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 1,885.9% in the third quarter. Carolina Wealth Advisors LLC now owns 585,782 shares of the company’s stock valued at $18,927,000 after acquiring an additional 556,285 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Schwab Long-Term U.S. Treasury ETF by 110.4% in the 4th quarter. Park Avenue Securities LLC now owns 388,612 shares of the company’s stock worth $12,319,000 after buying an additional 203,907 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 87.3% in the third quarter. National Bank of Canada FI now owns 183,200 shares of the company’s stock valued at $5,919,000 after buying an additional 85,400 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Schwab Long-Term U.S. Treasury ETF by 6.5% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,389,378 shares of the company’s stock valued at $44,307,000 after buying an additional 84,405 shares in the last quarter. Finally, MFG Wealth Management Inc. acquired a new position in Schwab Long-Term U.S. Treasury ETF during the third quarter worth about $2,278,000.

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.