Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Hits New 52-Week Low – Should You Sell?

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $29.51 and last traded at $29.54, with a volume of 73580 shares trading hands. The stock had previously closed at $29.80.

Schwab Long-Term U.S. Treasury ETF Stock Down 0.8%

The business has a 50 day moving average of $30.24 and a 200 day moving average of $30.97.

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

Several institutional investors and hedge funds have recently modified their holdings of SCHQ. Integrated Wealth Concepts LLC purchased a new position in shares of Schwab Long-Term U.S. Treasury ETF during the first quarter valued at about $332,000. Jane Street Group LLC bought a new stake in Schwab Long-Term U.S. Treasury ETF during the 2nd quarter valued at approximately $2,229,000. Ameriprise Financial Inc. boosted its position in Schwab Long-Term U.S. Treasury ETF by 7.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 287,241 shares of the company’s stock valued at $9,161,000 after acquiring an additional 19,942 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 8.7% during the 2nd quarter. Bank of America Corp DE now owns 99,236 shares of the company’s stock worth $3,165,000 after acquiring an additional 7,984 shares during the period. Finally, GeoWealth Management LLC bought a new position in shares of Schwab Long-Term U.S. Treasury ETF in the 3rd quarter worth approximately $169,000.

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.