Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Hits New 12-Month Low – Time to Sell?

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $30.73 and last traded at $30.73, with a volume of 36046 shares. The stock had previously closed at $30.82.

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

The company has a fifty day moving average price of $32.26 and a 200-day moving average price of $33.46.

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

Several institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its position in Schwab Long-Term U.S. Treasury ETF by 8.2% in the second quarter. Bank of New York Mellon Corp now owns 9,893 shares of the company’s stock worth $325,000 after buying an additional 748 shares during the last quarter. Bogart Wealth LLC raised its stake in shares of Schwab Long-Term U.S. Treasury ETF by 60.4% in the third quarter. Bogart Wealth LLC now owns 2,085 shares of the company’s stock valued at $73,000 after acquiring an additional 785 shares during the period. Silverlake Wealth Management LLC lifted its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 8.7% in the 3rd quarter. Silverlake Wealth Management LLC now owns 10,676 shares of the company’s stock worth $374,000 after acquiring an additional 851 shares during the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of Schwab Long-Term U.S. Treasury ETF by 1.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 67,659 shares of the company’s stock worth $2,367,000 after purchasing an additional 947 shares during the period. Finally, Claro Advisors LLC grew its holdings in Schwab Long-Term U.S. Treasury ETF by 9.2% during the 3rd quarter. Claro Advisors LLC now owns 13,501 shares of the company’s stock valued at $472,000 after purchasing an additional 1,138 shares during 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.