Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Strong Trading Volume – Time to Buy?

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) shares saw strong trading volume on Wednesday . 2,240,616 shares changed hands during mid-day trading, an increase of 178% from the previous session’s volume of 806,128 shares.The stock last traded at $29.5550 and had previously closed at $29.41.

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

The company’s 50-day moving average price is $30.12 and its 200-day moving average price is $30.89.

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

A number of large investors have recently added to or reduced their stakes in SCHQ. MML Investors Services LLC boosted its position in shares of Schwab Long-Term U.S. Treasury ETF by 98.4% during the fourth quarter. MML Investors Services LLC now owns 1,645,892 shares of the company’s stock worth $52,175,000 after buying an additional 816,199 shares during the period. Tidal Investments LLC raised its position in Schwab Long-Term U.S. Treasury ETF by 106.3% in the 2nd quarter. Tidal Investments LLC now owns 1,394,729 shares of the company’s stock valued at $43,446,000 after buying an additional 718,572 shares during the last quarter. Carolina Wealth Advisors LLC lifted its stake in Schwab Long-Term U.S. Treasury ETF by 2.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 579,543 shares of the company’s stock valued at $18,140,000 after acquiring an additional 15,277 shares in the last quarter. Sfmg LLC lifted its stake in Schwab Long-Term U.S. Treasury ETF by 14.1% in the 4th quarter. Sfmg LLC now owns 477,113 shares of the company’s stock valued at $15,124,000 after acquiring an additional 58,979 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Schwab Long-Term U.S. Treasury ETF by 102.5% during the 1st quarter. Bank of New York Mellon Corp now owns 285,707 shares of the company’s stock worth $8,980,000 after acquiring an additional 144,641 shares in 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.