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-strong trading volume on Wednesday . 1,297,830 shares were traded during mid-day trading, an increase of 78% from the previous session’s volume of 728,777 shares.The stock last traded at $30.17 and had previously closed at $29.80.

Schwab Long-Term U.S. Treasury ETF Trading Down 0.7%

The business has a 50-day moving average of $30.60 and a two-hundred day moving average of $31.17.

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

A number of hedge funds have recently made changes to their positions in SCHQ. LPL Financial LLC raised its position in shares of Schwab Long-Term U.S. Treasury ETF by 108.3% during the fourth quarter. LPL Financial LLC now owns 1,904,417 shares of the company’s stock worth $60,370,000 after acquiring an additional 990,099 shares during the last quarter. MML Investors Services LLC boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 98.4% in the fourth quarter. MML Investors Services LLC now owns 1,645,892 shares of the company’s stock valued at $52,175,000 after acquiring an additional 816,199 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 968.6% in the fourth quarter. Wells Fargo & Company MN now owns 337,890 shares of the company’s stock valued at $10,711,000 after acquiring an additional 306,270 shares during the last quarter. JPMorgan Chase & Co. increased its position in Schwab Long-Term U.S. Treasury ETF by 60.4% during the 4th quarter. JPMorgan Chase & Co. now owns 601,927 shares of the company’s stock valued at $19,081,000 after purchasing an additional 226,742 shares during the period. Finally, Cetera Investment Advisers increased its position in Schwab Long-Term U.S. Treasury ETF by 75.6% during the 4th quarter. Cetera Investment Advisers now owns 497,042 shares of the company’s stock valued at $15,756,000 after purchasing an additional 213,942 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.