DKM Wealth Management Inc. Acquires New Position in Schwab Long-Term U.S. Treasury ETF $SCHQ

DKM Wealth Management Inc. purchased a new stake in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 30,298 shares of the company’s stock, valued at approximately $862,000. Schwab Long-Term U.S. Treasury ETF comprises about 0.5% of DKM Wealth Management Inc.’s portfolio, making the stock its 24th largest holding.

Several other hedge funds have also made changes to their positions in SCHQ. Windsor Advisory Group LLC purchased a new position in Schwab Long-Term U.S. Treasury ETF during the first quarter worth about $28,000. Dogwood Wealth Management LLC grew its holdings in Schwab Long-Term U.S. Treasury ETF by 1,049.7% in the 2nd quarter. Dogwood Wealth Management LLC now owns 1,920 shares of the company’s stock valued at $60,000 after buying an additional 1,753 shares during the period. SouthState Bank Corp acquired a new position in shares of Schwab Long-Term U.S. Treasury ETF during the 1st quarter valued at about $94,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Schwab Long-Term U.S. Treasury ETF during the 2nd quarter worth about $97,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the first quarter worth approximately $110,000.

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

NYSEARCA:SCHQ traded up $0.03 during trading hours on Friday, reaching $28.48. 1,181,663 shares of the company were exchanged, compared to its average volume of 900,969. The stock has a 50 day simple moving average of $29.58 and a 200 day simple moving average of $30.52. Schwab Long-Term U.S. Treasury ETF has a 52-week low of $27.99 and a 52-week high of $33.19.

Schwab Long-Term U.S. Treasury ETF 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.