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

Shares of Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) saw an uptick in trading volume on Wednesday . 760,130 shares traded hands during mid-day trading, an increase of 87% from the previous session’s volume of 406,134 shares.The stock last traded at $31.5740 and had previously closed at $31.49.

Schwab Long-Term U.S. Treasury ETF Stock Performance

The firm’s 50 day moving average is $32.02 and its two-hundred day moving average is $31.99.

Institutional Investors Weigh In On Schwab Long-Term U.S. Treasury ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the 1st quarter worth about $332,000. Farther Finance Advisors LLC increased its stake in shares of Schwab Long-Term U.S. Treasury ETF by 11.2% in the second quarter. Farther Finance Advisors LLC now owns 4,750 shares of the company’s stock valued at $151,000 after purchasing an additional 479 shares during the period. Seek First Inc. raised its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 2.3% during the second quarter. Seek First Inc. now owns 33,532 shares of the company’s stock valued at $1,069,000 after buying an additional 760 shares during the last quarter. MBE Wealth Management LLC acquired a new position in shares of Schwab Long-Term U.S. Treasury ETF during the second quarter worth approximately $313,000. Finally, Keystone Global Partners LLC boosted its position in shares of Schwab Long-Term U.S. Treasury ETF by 43.6% during the second quarter. Keystone Global Partners LLC now owns 70,351 shares of the company’s stock worth $2,243,000 after buying an additional 21,365 shares during the period.

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.