Smart Money Group LLC Invests $593,000 in Schwab Long-Term U.S. Treasury ETF $SCHQ

Smart Money Group LLC acquired a new position in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQFree Report) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 18,349 shares of the company’s stock, valued at approximately $593,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Collective Family Office LLC grew its stake in shares of Schwab Long-Term U.S. Treasury ETF by 0.9% in the third quarter. Collective Family Office LLC now owns 76,801 shares of the company’s stock worth $2,481,000 after purchasing an additional 672 shares in the last quarter. Bryn Mawr Trust Advisors LLC increased its stake in Schwab Long-Term U.S. Treasury ETF by 5.5% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 17,875 shares of the company’s stock valued at $578,000 after buying an additional 924 shares during the period. Fermata Advisors LLC raised its position in shares of Schwab Long-Term U.S. Treasury ETF by 2.8% during the 3rd quarter. Fermata Advisors LLC now owns 38,690 shares of the company’s stock worth $1,250,000 after buying an additional 1,062 shares in the last quarter. Northwest Capital Management Inc boosted its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 6.9% in the third quarter. Northwest Capital Management Inc now owns 17,979 shares of the company’s stock valued at $581,000 after acquiring an additional 1,163 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Schwab Long-Term U.S. Treasury ETF by 8.5% during the third quarter. CWM LLC now owns 14,808 shares of the company’s stock valued at $478,000 after acquiring an additional 1,163 shares during the period.

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

SCHQ opened at $32.84 on Monday. The business has a 50 day moving average price of $31.97 and a two-hundred day moving average price of $32.13. Schwab Long-Term U.S. Treasury ETF has a 1-year low of $30.24 and a 1-year high of $33.82.

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

The company also recently announced a monthly dividend, which will be paid on Friday, March 6th. Investors of record on Monday, March 2nd will be issued a dividend of $0.1066 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Monday, March 2nd.

About Schwab Long-Term U.S. Treasury ETF

(Free Report)

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.

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Institutional Ownership by Quarter for Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ)

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