Sequoia Financial Advisors LLC Sells 21,476 Shares of Schwab Long-Term U.S. Treasury ETF $SCHQ

Sequoia Financial Advisors LLC lowered its stake in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) by 25.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,304 shares of the company’s stock after selling 21,476 shares during the quarter. Sequoia Financial Advisors LLC owned about 0.22% of Schwab Long-Term U.S. Treasury ETF worth $1,958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHQ. Park Avenue Securities LLC lifted its position in shares of Schwab Long-Term U.S. Treasury ETF by 110.4% in the fourth quarter. Park Avenue Securities LLC now owns 388,612 shares of the company’s stock worth $12,319,000 after buying an additional 203,907 shares in the last quarter. World Investment Advisors bought a new position in Schwab Long-Term U.S. Treasury ETF during the fourth quarter valued at approximately $1,825,000. MML Investors Services LLC grew its holdings 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 buying an additional 816,199 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings 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 buying an additional 69,700 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in Schwab Long-Term U.S. Treasury ETF by 91.7% in the 4th quarter. Sanctuary Advisors LLC now owns 71,819 shares of the company’s stock worth $2,277,000 after acquiring an additional 34,360 shares during the last quarter.

Schwab Long-Term U.S. Treasury ETF Stock Up 0.3%

NYSEARCA:SCHQ opened at $30.62 on Thursday. Schwab Long-Term U.S. Treasury ETF has a 1 year low of $30.11 and a 1 year high of $33.19. The stock’s 50 day simple moving average is $30.96 and its two-hundred day simple moving average is $31.47.

Schwab Long-Term U.S. Treasury ETF 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.