Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Hits New 12-Month Low – Here’s Why

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ – Get Free Report) shares hit a new 52-week low during trading on Monday. The stock traded as low as $28.10 and last traded at $28.1250, with a volume of 418555 shares traded. The stock had previously closed at $28.32.

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

The business’s 50-day moving average price is $29.66 and its two-hundred day moving average price is $30.56.

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

A number of institutional investors have recently modified their holdings of the stock. MML Investors Services LLC lifted its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 98.4% in the fourth quarter. MML Investors Services LLC now owns 1,645,892 shares of the company’s stock worth $52,175,000 after acquiring an additional 816,199 shares during the last quarter. Tidal Investments LLC grew its stake in Schwab Long-Term U.S. Treasury ETF by 106.3% in the second quarter. Tidal Investments LLC now owns 1,394,729 shares of the company’s stock valued at $43,446,000 after acquiring an additional 718,572 shares during the period. Carolina Wealth Advisors LLC grew its position in Schwab Long-Term U.S. Treasury ETF by 2.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 579,543 shares of the company’s stock valued at $18,140,000 after purchasing an additional 15,277 shares during the period. Bank of New York Mellon Corp increased its position in shares of Schwab Long-Term U.S. Treasury ETF by 102.5% during the first quarter. Bank of New York Mellon Corp now owns 285,707 shares of the company’s stock worth $8,980,000 after acquiring an additional 144,641 shares in the last quarter. Finally, L2 Asset Management LLC increased its holdings in Schwab Long-Term U.S. Treasury ETF by 3.3% during the 4th quarter. L2 Asset Management LLC now owns 162,424 shares of the company’s stock worth $5,149,000 after purchasing an additional 5,260 shares in the last quarter.

Schwab Long-Term U.S. Treasury ETF Company Profile

(Get Free Report)

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.

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