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

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) saw strong trading volume on Wednesday . 549,696 shares were traded during mid-day trading, a decline of 36% from the previous session’s volume of 865,441 shares.The stock last traded at $31.65 and had previously closed at $31.73.

Schwab Long-Term U.S. Treasury ETF Stock Down 0.3%

The stock’s 50 day simple moving average is $32.01 and its 200 day simple moving average is $32.17.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1066 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SCHQ. PNC Financial Services Group Inc. raised its position in Schwab Long-Term U.S. Treasury ETF by 229.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 797 shares of the company’s stock valued at $25,000 after purchasing an additional 555 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Schwab Long-Term U.S. Treasury ETF during the fourth quarter worth about $45,000. Atlas Capital Advisors Inc. purchased a new position in shares of Schwab Long-Term U.S. Treasury ETF in the 4th quarter worth about $51,000. Smartleaf Asset Management LLC increased its position in shares of Schwab Long-Term U.S. Treasury ETF by 11,843.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,747 shares of the company’s stock valued at $89,000 after purchasing an additional 2,724 shares during the last quarter. Finally, LGT Financial Advisors LLC increased its position in shares of Schwab Long-Term U.S. Treasury ETF by 314.8% during the 3rd quarter. LGT Financial Advisors LLC now owns 2,833 shares of the company’s stock valued at $92,000 after purchasing an additional 2,150 shares during the last quarter.

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.