Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Hits New 52-Week Low – Here’s What Happened

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $30.11 and last traded at $30.16, with a volume of 69477 shares. The stock had previously closed at $30.16.

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

The firm’s fifty day moving average price is $30.89 and its two-hundred day moving average price is $31.38.

Institutional Investors Weigh In On Schwab Long-Term U.S. Treasury ETF

A number of hedge funds have recently added to or reduced their stakes in SCHQ. MML Investors Services LLC increased its stake in Schwab Long-Term U.S. Treasury ETF by 98.4% during the 4th quarter. MML Investors Services LLC now owns 1,645,892 shares of the company’s stock valued at $52,175,000 after purchasing an additional 816,199 shares in the last quarter. World Investment Advisors bought a new position in Schwab Long-Term U.S. Treasury ETF in the 4th quarter valued at about $1,825,000. Envestnet Portfolio Solutions Inc. boosted its stake in Schwab Long-Term U.S. Treasury ETF by 121.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 127,034 shares of the company’s stock valued at $4,027,000 after purchasing an additional 69,700 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in Schwab Long-Term U.S. Treasury ETF during the 4th quarter worth approximately $6,445,000. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Schwab Long-Term U.S. Treasury ETF by 44.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 83,780 shares of the company’s stock worth $2,656,000 after purchasing an additional 25,709 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.