Envestnet Asset Management Inc. Sells 129,929 Shares of Schwab Long-Term U.S. Treasury ETF $SCHQ

Envestnet Asset Management Inc. cut its holdings in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,015,681 shares of the company’s stock after selling 129,929 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of Schwab Long-Term U.S. Treasury ETF worth $97,437,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Madden Advisory Services Inc. bought a new position in Schwab Long-Term U.S. Treasury ETF during the third quarter worth $240,000. Integrated Wealth Concepts LLC bought a new position in shares of Schwab Long-Term U.S. Treasury ETF during the 1st quarter worth about $332,000. Milestones Private Investment Advisors LLC acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the 2nd quarter valued at about $434,000. CWM LLC grew its stake in shares of Schwab Long-Term U.S. Treasury ETF by 8.5% in the 3rd quarter. CWM LLC now owns 14,808 shares of the company’s stock valued at $478,000 after buying an additional 1,163 shares during the period. Finally, Exencial Wealth Advisors LLC increased its position in Schwab Long-Term U.S. Treasury ETF by 12.2% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 14,927 shares of the company’s stock valued at $482,000 after buying an additional 1,620 shares in the last quarter.

Schwab Long-Term U.S. Treasury ETF Stock Up 0.0%

SCHQ stock opened at $31.74 on Friday. The stock’s 50 day simple moving average is $31.83 and its 200 day simple moving average is $32.04. Schwab Long-Term U.S. Treasury ETF has a fifty-two week low of $30.24 and a fifty-two week high of $33.82.

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

The company also recently announced a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were issued a $0.148 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. This is an increase from Schwab Long-Term U.S. Treasury ETF’s previous monthly dividend of $0.09.

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.