Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Unusually-High Trading Volume – Still a Buy?

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) saw an uptick in trading volume on Wednesday . 549,696 shares changed hands during trading, a decline of 36% from the previous session’s volume of 865,441 shares.The stock last traded at $31.65 and had previously closed at $31.73.

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

The firm’s 50 day moving average price is $32.01 and its two-hundred day moving average price is $32.17.

Schwab Long-Term U.S. Treasury ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a $0.1066 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.0%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Carolina Wealth Advisors LLC boosted its position in shares of Schwab Long-Term U.S. Treasury ETF by 1,885.9% in the third quarter. Carolina Wealth Advisors LLC now owns 585,782 shares of the company’s stock valued at $18,927,000 after acquiring an additional 556,285 shares during the period. Thrivent Financial for Lutherans bought a new stake in Schwab Long-Term U.S. Treasury ETF during the 2nd quarter worth approximately $2,010,000. Centric Wealth Management increased its holdings in Schwab Long-Term U.S. Treasury ETF by 8.7% during the 2nd quarter. Centric Wealth Management now owns 143,603 shares of the company’s stock worth $4,538,000 after acquiring an additional 11,450 shares during the period. Foundations Investment Advisors LLC lifted its stake in Schwab Long-Term U.S. Treasury ETF by 8.7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 36,272 shares of the company’s stock worth $1,157,000 after purchasing an additional 2,916 shares in the last quarter. Finally, MFG Wealth Management Inc. bought a new position in Schwab Long-Term U.S. Treasury ETF in the 3rd quarter valued at $2,278,000.

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.