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

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) hit a new 52-week low on Monday . The company traded as low as $31.27 and last traded at $31.27, with a volume of 63707 shares. The stock had previously closed at $31.42.

Schwab Long-Term U.S. Treasury ETF Trading Up 0.1 %

The stock’s 50-day simple moving average is $32.46 and its 200 day simple moving average is $33.55.

Hedge Funds Weigh In On Schwab Long-Term U.S. Treasury ETF

Several large investors have recently bought and sold shares of SCHQ. Larson Financial Group LLC purchased a new position in Schwab Long-Term U.S. Treasury ETF during the second quarter valued at approximately $26,000. Bogart Wealth LLC increased its holdings in Schwab Long-Term U.S. Treasury ETF by 60.4% during the 3rd quarter. Bogart Wealth LLC now owns 2,085 shares of the company’s stock valued at $73,000 after purchasing an additional 785 shares during the period. Roger Wittlin Investment Advisory LLC purchased a new stake in Schwab Long-Term U.S. Treasury ETF in the third quarter worth $204,000. Wealthgarden F.S. LLC bought a new stake in shares of Schwab Long-Term U.S. Treasury ETF during the 2nd quarter valued at about $250,000. Finally, Commonwealth Equity Services LLC raised its holdings in Schwab Long-Term U.S. Treasury ETF by 32.9% in the second quarter. Commonwealth Equity Services LLC now owns 7,880 shares of the company’s stock worth $259,000 after purchasing an additional 1,950 shares in the last quarter.

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.