Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Large Volume Increase – Here’s What Happened

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) shares saw unusually-strong trading volume on Wednesday . Approximately 2,240,616 shares traded hands during 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 fifty day moving average is $30.12 and its 200 day moving average is $30.89.

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

A number of large investors have recently modified their holdings of SCHQ. MML Investors Services LLC increased its holdings in 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 last quarter. Frisch Financial Group Inc. bought a new stake in Schwab Long-Term U.S. Treasury ETF during the first quarter worth $1,000,000. Compass Financial Management LLC acquired a new stake in Schwab Long-Term U.S. Treasury ETF in the second quarter valued at $1,575,000. World Investment Advisors acquired a new stake in Schwab Long-Term U.S. Treasury ETF in the fourth quarter valued at $1,825,000. Finally, Thrivent Financial for Lutherans acquired a new stake in Schwab Long-Term U.S. Treasury ETF in the fourth quarter valued at $6,445,000.

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.