Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sets New 52-Week Low – Here’s Why

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) shares hit a new 52-week low on Thursday . The company traded as low as $29.51 and last traded at $29.54, with a volume of 73580 shares changing hands. The stock had previously closed at $29.80.

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

The firm has a 50-day moving average of $30.18 and a 200-day moving average of $30.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the 1st quarter worth $332,000. Jane Street Group LLC acquired a new position in Schwab Long-Term U.S. Treasury ETF in the 2nd quarter valued at about $2,229,000. Ameriprise Financial Inc. boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 7.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 287,241 shares of the company’s stock valued at $9,161,000 after purchasing an additional 19,942 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Schwab Long-Term U.S. Treasury ETF by 8.7% in the 2nd quarter. Bank of America Corp DE now owns 99,236 shares of the company’s stock valued at $3,165,000 after buying an additional 7,984 shares during the period. Finally, GeoWealth Management LLC acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF during the 3rd quarter worth approximately $169,000.

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.