Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Shares Up 1.4% – What’s Next?

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ)’s share price shot up 1.4% during mid-day trading on Friday . The stock traded as high as $33.70 and last traded at $33.54. 132,859 shares changed hands during trading, a decline of 60% from the average session volume of 330,344 shares. The stock had previously closed at $33.08.

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

The stock’s 50-day moving average price is $32.35 and its 200-day moving average price is $32.66.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. IHT Wealth Management LLC raised its position in shares of Schwab Long-Term U.S. Treasury ETF by 145.1% in the 3rd quarter. IHT Wealth Management LLC now owns 20,328 shares of the company’s stock worth $713,000 after acquiring an additional 12,035 shares in the last quarter. Jane Street Group LLC grew its stake in Schwab Long-Term U.S. Treasury ETF by 7.9% during the third quarter. Jane Street Group LLC now owns 26,337 shares of the company’s stock worth $922,000 after purchasing an additional 1,923 shares during the period. MML Investors Services LLC increased its holdings in Schwab Long-Term U.S. Treasury ETF by 41.2% in the third quarter. MML Investors Services LLC now owns 456,967 shares of the company’s stock worth $15,989,000 after purchasing an additional 133,361 shares in the last quarter. Invst LLC lifted its stake in Schwab Long-Term U.S. Treasury ETF by 59.5% in the third quarter. Invst LLC now owns 18,433 shares of the company’s stock valued at $645,000 after buying an additional 6,879 shares during the period. Finally, Tidal Investments LLC bought a new position in shares of Schwab Long-Term U.S. Treasury ETF during the 3rd quarter worth approximately $847,000.

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.