Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Large Volume Increase – Still a Buy?

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) saw unusually-high trading volume on Wednesday . Approximately 234,222 shares were traded during mid-day trading, a decline of 12% from the previous session’s volume of 265,970 shares.The stock last traded at $31.24 and had previously closed at $30.72.

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

The company has a 50 day moving average of $32.24 and a 200-day moving average of $33.45.

Institutional Investors Weigh In On Schwab Long-Term U.S. Treasury ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SCHQ. Bogart Wealth LLC lifted its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 60.4% in the 3rd quarter. Bogart Wealth LLC now owns 2,085 shares of the company’s stock worth $73,000 after acquiring an additional 785 shares during the last quarter. Armstrong Advisory Group Inc. bought a new position in Schwab Long-Term U.S. Treasury ETF in the 4th quarter worth $184,000. Roger Wittlin Investment Advisory LLC purchased a new stake in Schwab Long-Term U.S. Treasury ETF in the third quarter worth about $204,000. Commonwealth Equity Services LLC lifted its stake in shares of Schwab Long-Term U.S. Treasury ETF by 32.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,880 shares of the company’s stock valued at $259,000 after purchasing an additional 1,950 shares during the period. Finally, Magnus Financial Group LLC boosted its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 36.7% during the 3rd quarter. Magnus Financial Group LLC now owns 8,730 shares of the company’s stock valued at $305,000 after buying an additional 2,342 shares in the last quarter.

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.