Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Hits New 52-Week Low – Should You Sell?

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQGet Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $30.11 and last traded at $30.16, with a volume of 69477 shares trading hands. The stock had previously closed at $30.16.

Schwab Long-Term U.S. Treasury ETF Trading Down 0.6%

The firm’s 50-day moving average price is $30.86 and its 200 day moving average price is $31.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Trust Co grew its position in Schwab Long-Term U.S. Treasury ETF by 5.4% in the 2nd quarter. Charles Schwab Trust Co now owns 89,892 shares of the company’s stock worth $2,814,000 after purchasing an additional 4,577 shares during the last quarter. Carolina Wealth Advisors LLC raised its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 2.7% during the second quarter. Carolina Wealth Advisors LLC now owns 579,543 shares of the company’s stock valued at $18,140,000 after buying an additional 15,277 shares during the last quarter. MFG Wealth Management Inc. raised its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 7.1% during the second quarter. MFG Wealth Management Inc. now owns 78,530 shares of the company’s stock valued at $2,458,000 after buying an additional 5,198 shares during the last quarter. Attessa Capital LLC boosted its position in shares of Schwab Long-Term U.S. Treasury ETF by 7.4% during the second quarter. Attessa Capital LLC now owns 132,650 shares of the company’s stock worth $4,152,000 after buying an additional 9,134 shares during the period. Finally, Clark Asset Management LLC acquired a new position in shares of Schwab Long-Term U.S. Treasury ETF during the second quarter worth approximately $208,000.

About Schwab Long-Term U.S. Treasury ETF

(Get 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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