Schwab Long-Term U.S. Treasury ETF $SCHQ Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its holdings in shares of Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) by 110.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 388,612 shares of the company’s stock after acquiring an additional 203,907 shares during the period. Park Avenue Securities LLC’s holdings in Schwab Long-Term U.S. Treasury ETF were worth $12,319,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SCHQ. Smartleaf Asset Management LLC increased its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 11,843.5% during the third quarter. Smartleaf Asset Management LLC now owns 2,747 shares of the company’s stock valued at $89,000 after acquiring an additional 2,724 shares in the last quarter. LGT Financial Advisors LLC boosted its stake in Schwab Long-Term U.S. Treasury ETF by 314.8% in the 3rd quarter. LGT Financial Advisors LLC now owns 2,833 shares of the company’s stock worth $92,000 after purchasing an additional 2,150 shares in the last quarter. Tortoise Investment Management LLC grew its position in Schwab Long-Term U.S. Treasury ETF by 16.7% during the 3rd quarter. Tortoise Investment Management LLC now owns 4,440 shares of the company’s stock worth $143,000 after purchasing an additional 635 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in Schwab Long-Term U.S. Treasury ETF by 62.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 4,804 shares of the company’s stock worth $155,000 after purchasing an additional 1,848 shares during the last quarter. Finally, GeoWealth Management LLC acquired a new position in Schwab Long-Term U.S. Treasury ETF during the 3rd quarter valued at approximately $169,000.

Schwab Long-Term U.S. Treasury ETF Stock Down 1.9%

NYSEARCA SCHQ opened at $31.11 on Friday. The company has a fifty day simple moving average of $31.98 and a two-hundred day simple moving average of $32.16. Schwab Long-Term U.S. Treasury ETF has a 12-month low of $30.24 and a 12-month high of $33.82.

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

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a $0.1066 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, March 2nd.

Schwab Long-Term U.S. Treasury ETF 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.