Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Large Volume Increase – Should You Buy?

Shares of Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) saw unusually-high trading volume on Wednesday . Approximately 809,915 shares traded hands during trading, an increase of 155% from the previous session’s volume of 317,416 shares.The stock last traded at $32.69 and had previously closed at $32.61.

Schwab Long-Term U.S. Treasury ETF Stock Up 0.5 %

The company has a 50-day moving average price of $31.97 and a 200 day moving average price of $32.89.

Institutional Trading of Schwab Long-Term U.S. Treasury ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. WT Wealth Management raised its holdings in Schwab Long-Term U.S. Treasury ETF by 0.6% during the fourth quarter. WT Wealth Management now owns 103,196 shares of the company’s stock valued at $3,243,000 after buying an additional 593 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Schwab Long-Term U.S. Treasury ETF in the fourth quarter worth about $27,000. Commonwealth Equity Services LLC increased its stake in shares of Schwab Long-Term U.S. Treasury ETF by 19.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,671 shares of the company’s stock worth $241,000 after purchasing an additional 1,266 shares during the period. Jane Street Group LLC increased its stake in shares of Schwab Long-Term U.S. Treasury ETF by 7.9% in 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. Finally, LPL Financial LLC increased its stake in shares of Schwab Long-Term U.S. Treasury ETF by 0.8% in the fourth quarter. LPL Financial LLC now owns 249,991 shares of the company’s stock worth $7,857,000 after purchasing an additional 2,029 shares during the period.

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.