Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Hits New 1-Year Low – Here’s What Happened

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $29.32 and last traded at $29.3250, with a volume of 1335170 shares traded. The stock had previously closed at $29.75.

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

The company’s 50 day simple moving average is $30.03 and its 200 day simple moving average is $30.79.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC raised its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 106.3% in the 2nd quarter. Tidal Investments LLC now owns 1,394,729 shares of the company’s stock worth $43,446,000 after purchasing an additional 718,572 shares during the period. IFP Advisors Inc grew its holdings in Schwab Long-Term U.S. Treasury ETF by 77.5% during the second quarter. IFP Advisors Inc now owns 55,172 shares of the company’s stock valued at $1,727,000 after purchasing an additional 24,084 shares during the period. Citadel Advisors LLC purchased a new stake in Schwab Long-Term U.S. Treasury ETF in the second quarter worth $471,000. Compass Financial Management LLC purchased a new stake in Schwab Long-Term U.S. Treasury ETF in the second quarter worth $1,575,000. Finally, Blalock Williams LLC bought a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the second quarter valued at $249,000.

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.