Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Reaches New 12-Month Low – Time to Sell?

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) reached a new 52-week low on Tuesday . The company traded as low as $30.18 and last traded at $30.18, with a volume of 45126 shares changing hands. The stock had previously closed at $30.38.

Schwab Long-Term U.S. Treasury ETF Trading Down 0.5%

The firm has a fifty day moving average of $31.36 and a two-hundred day moving average of $31.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC raised its holdings in Schwab Long-Term U.S. Treasury ETF by 108.3% during the 4th quarter. LPL Financial LLC now owns 1,904,417 shares of the company’s stock valued at $60,370,000 after buying an additional 990,099 shares during the last quarter. MML Investors Services LLC increased its position in shares of Schwab Long-Term U.S. Treasury ETF by 98.4% in the fourth quarter. MML Investors Services LLC now owns 1,645,892 shares of the company’s stock valued at $52,175,000 after acquiring an additional 816,199 shares during the period. Wells Fargo & Company MN increased its position in shares of Schwab Long-Term U.S. Treasury ETF by 968.6% in the fourth quarter. Wells Fargo & Company MN now owns 337,890 shares of the company’s stock valued at $10,711,000 after acquiring an additional 306,270 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Schwab Long-Term U.S. Treasury ETF by 60.4% during the fourth quarter. JPMorgan Chase & Co. now owns 601,927 shares of the company’s stock valued at $19,081,000 after acquiring an additional 226,742 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Schwab Long-Term U.S. Treasury ETF by 75.6% during the fourth quarter. Cetera Investment Advisers now owns 497,042 shares of the company’s stock valued at $15,756,000 after acquiring an additional 213,942 shares during 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.