Envestnet Portfolio Solutions Inc. Grows Stake in Schwab Long-Term U.S. Treasury ETF $SCHQ

Envestnet Portfolio Solutions Inc. raised its stake in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) by 121.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,034 shares of the company’s stock after acquiring an additional 69,700 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Schwab Long-Term U.S. Treasury ETF were worth $4,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC boosted its stake in Schwab Long-Term U.S. Treasury ETF by 110.4% in the fourth quarter. Park Avenue Securities LLC now owns 388,612 shares of the company’s stock valued at $12,319,000 after acquiring an additional 203,907 shares during the last quarter. Raymond James Financial Inc. boosted its stake in Schwab Long-Term U.S. Treasury ETF by 4.7% in the third quarter. Raymond James Financial Inc. now owns 371,347 shares of the company’s stock valued at $11,998,000 after acquiring an additional 16,736 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Schwab Long-Term U.S. Treasury ETF by 7.5% in the second quarter. Ameriprise Financial Inc. now owns 287,241 shares of the company’s stock valued at $9,161,000 after acquiring an additional 19,942 shares during the last quarter. Beacon Bridge Wealth Partners LLC boosted its stake in Schwab Long-Term U.S. Treasury ETF by 0.7% in the third quarter. Beacon Bridge Wealth Partners LLC now owns 205,649 shares of the company’s stock valued at $6,645,000 after acquiring an additional 1,530 shares during the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in Schwab Long-Term U.S. Treasury ETF in the fourth quarter valued at about $6,445,000.

Schwab Long-Term U.S. Treasury ETF Trading Up 0.4%

SCHQ opened at $30.61 on Friday. The company’s 50-day moving average price is $31.25 and its two-hundred day moving average price is $31.79. Schwab Long-Term U.S. Treasury ETF has a twelve month low of $30.11 and a twelve month high of $33.19.

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.