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 . Approximately 1,293,571 shares traded hands during trading, an increase of 117% from the previous session’s volume of 597,167 shares.The stock last traded at $32.2450 and had previously closed at $32.20.

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

The firm has a 50 day simple moving average of $32.50 and a 200 day simple moving average of $31.75.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SCHQ. Advisory Services Network LLC purchased a new position in Schwab Long-Term U.S. Treasury ETF during the third quarter worth about $204,000. LGT Financial Advisors LLC raised its stake in Schwab Long-Term U.S. Treasury ETF by 314.8% in the third quarter. LGT Financial Advisors LLC now owns 2,833 shares of the company’s stock valued at $92,000 after purchasing an additional 2,150 shares in the last quarter. Mariner LLC lifted its position in Schwab Long-Term U.S. Treasury ETF by 9.0% during the third quarter. Mariner LLC now owns 8,535 shares of the company’s stock valued at $276,000 after purchasing an additional 707 shares during the last quarter. National Bank of Canada FI grew its stake in Schwab Long-Term U.S. Treasury ETF by 87.3% in the 3rd quarter. National Bank of Canada FI now owns 183,200 shares of the company’s stock worth $5,919,000 after buying an additional 85,400 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 4.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 18,070 shares of the company’s stock worth $584,000 after buying an additional 771 shares during 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.