Envestnet Portfolio Solutions Inc. Has $7.92 Million Stake in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ)

Envestnet Portfolio Solutions Inc. raised its position in shares of Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) by 13.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 234,831 shares of the company’s stock after acquiring an additional 27,953 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Schwab Long-Term U.S. Treasury ETF were worth $7,921,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. TSA Wealth Managment LLC acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF during the fourth quarter worth approximately $411,000. Concourse Financial Group Securities Inc. increased its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 139.3% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 123,139 shares of the company’s stock worth $4,320,000 after buying an additional 71,680 shares in the last quarter. Brookstone Capital Management acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF during the fourth quarter worth approximately $811,000. Northwest Capital Management Inc increased its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 122.2% during the fourth quarter. Northwest Capital Management Inc now owns 506,542 shares of the company’s stock worth $17,769,000 after buying an additional 278,581 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 64.9% during the fourth quarter. Tortoise Investment Management LLC now owns 2,400 shares of the company’s stock worth $84,000 after buying an additional 945 shares in the last quarter.

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

Shares of NYSEARCA SCHQ traded up $0.11 during mid-day trading on Friday, hitting $33.49. 174,452 shares of the stock were exchanged, compared to its average volume of 235,113. The stock’s fifty day simple moving average is $32.84 and its two-hundred day simple moving average is $33.20. Schwab Long-Term U.S. Treasury ETF has a twelve month low of $29.62 and a twelve month high of $36.30.

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.