Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Reaches New 1-Year Low – What’s Next?

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

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

The business’s fifty day moving average is $30.89 and its 200 day moving average is $31.38.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SCHQ. Integrated Wealth Concepts LLC bought a new position in shares of Schwab Long-Term U.S. Treasury ETF during the 1st quarter worth $332,000. Jane Street Group LLC bought a new stake in Schwab Long-Term U.S. Treasury ETF in the 2nd quarter valued at about $2,229,000. Ameriprise Financial Inc. lifted its holdings in Schwab Long-Term U.S. Treasury ETF by 7.5% during the second quarter. Ameriprise Financial Inc. now owns 287,241 shares of the company’s stock valued at $9,161,000 after purchasing an additional 19,942 shares during the last quarter. Bank of America Corp DE boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 8.7% in the 2nd quarter. Bank of America Corp DE now owns 99,236 shares of the company’s stock worth $3,165,000 after buying an additional 7,984 shares during the period. Finally, GeoWealth Management LLC bought a new stake in Schwab Long-Term U.S. Treasury ETF during the 3rd quarter valued at $169,000.

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.