Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Large Volume Increase

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) shares saw unusually-strong trading volume on Tuesday . Approximately 101,554 shares traded hands during mid-day trading, a decline of 61% from the previous session’s volume of 259,280 shares.The stock last traded at $35.92 and had previously closed at $35.98.

Schwab Long-Term U.S. Treasury ETF Stock Down 1.1 %

The company’s fifty day simple moving average is $34.47 and its 200-day simple moving average is $33.39.

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

A number of institutional investors have recently made changes to their positions in SCHQ. Sykon Capital LLC purchased a new stake in Schwab Long-Term U.S. Treasury ETF in the second quarter valued at about $10,807,000. Wealthgarden F.S. LLC purchased a new position in shares of Schwab Long-Term U.S. Treasury ETF in the 2nd quarter valued at approximately $250,000. Total Investment Management Inc. boosted its stake in Schwab Long-Term U.S. Treasury ETF by 1.2% in the 2nd quarter. Total Investment Management Inc. now owns 2,560,584 shares of the company’s stock worth $84,013,000 after purchasing an additional 29,594 shares in the last quarter. TAP Consulting LLC purchased a new stake in Schwab Long-Term U.S. Treasury ETF during the 2nd quarter worth approximately $2,529,000. Finally, Private Advisor Group LLC increased its stake in Schwab Long-Term U.S. Treasury ETF by 37.5% during the 2nd quarter. Private Advisor Group LLC now owns 25,656 shares of the company’s stock valued at $842,000 after purchasing an additional 6,997 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.