Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Stock Crosses Below 50-Day Moving Average – What’s Next?

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ)’s stock price crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $29.25 and traded as low as $29.06. Schwab Long-Term U.S. Treasury ETF shares last traded at $29.07, with a volume of 502,731 shares.

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

The firm’s fifty day moving average price is $29.25 and its 200-day moving average price is $30.65.

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

Several large investors have recently bought and sold shares of SCHQ. Windsor Advisory Group LLC purchased a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the 1st quarter valued at about $28,000. IFG Advisory LLC grew its stake in Schwab Long-Term U.S. Treasury ETF by 1,561.1% during the 3rd quarter. IFG Advisory LLC now owns 897 shares of the company’s stock worth $26,000 after buying an additional 843 shares during the last quarter. Fifth Third Bancorp grew its stake in Schwab Long-Term U.S. Treasury ETF by 193.9% during the 3rd quarter. Fifth Third Bancorp now owns 1,443 shares of the company’s stock worth $41,000 after buying an additional 952 shares during the last quarter. Dogwood Wealth Management LLC increased its position in Schwab Long-Term U.S. Treasury ETF by 1,049.7% during the second quarter. Dogwood Wealth Management LLC now owns 1,920 shares of the company’s stock worth $60,000 after buying an additional 1,753 shares during the period. Finally, Global Retirement Partners LLC increased its position in Schwab Long-Term U.S. Treasury ETF by 880.9% during the third quarter. Global Retirement Partners LLC now owns 2,305 shares of the company’s stock worth $66,000 after buying an additional 2,070 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.