Focus Financial Network Inc. Trims Holdings in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ)

Focus Financial Network Inc. cut its stake in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,853 shares of the company’s stock after selling 1,200 shares during the quarter. Focus Financial Network Inc. owned about 0.09% of Schwab Long-Term U.S. Treasury ETF worth $600,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Pineridge Advisors LLC bought a new stake in Schwab Long-Term U.S. Treasury ETF during the fourth quarter valued at $78,000. Tortoise Investment Management LLC boosted its stake in 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 valued at $84,000 after buying an additional 945 shares during the period. Scarborough Advisors LLC bought a new stake in Schwab Long-Term U.S. Treasury ETF during the fourth quarter valued at $106,000. Pacific Capital Wealth Advisors Inc. bought a new stake in Schwab Long-Term U.S. Treasury ETF during the fourth quarter valued at $140,000. Finally, Exencial Wealth Advisors LLC bought a new stake in Schwab Long-Term U.S. Treasury ETF during the fourth quarter valued at $210,000.

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

NYSEARCA:SCHQ traded up $0.25 during trading hours on Tuesday, hitting $35.09. 237,452 shares of the company’s stock traded hands, compared to its average volume of 243,545. Schwab Long-Term U.S. Treasury ETF has a 52 week low of $29.62 and a 52 week high of $35.59. The business’s fifty day simple moving average is $33.57 and its two-hundred day simple moving average is $33.11.

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.