Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Hits New 12-Month Low – What’s Next?

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $29.81 and last traded at $29.82, with a volume of 25576 shares traded. The stock had previously closed at $29.92.

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

The company’s 50-day simple moving average is $30.68 and its two-hundred day simple moving average is $31.22.

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

A number of institutional investors have recently added to or reduced their stakes in SCHQ. LPL Financial LLC increased its stake in Schwab Long-Term U.S. Treasury ETF by 108.3% in the 4th quarter. LPL Financial LLC now owns 1,904,417 shares of the company’s stock worth $60,370,000 after acquiring an additional 990,099 shares during the last quarter. MML Investors Services LLC raised its holdings in Schwab Long-Term U.S. Treasury ETF by 98.4% during the 4th quarter. MML Investors Services LLC now owns 1,645,892 shares of the company’s stock valued at $52,175,000 after buying an additional 816,199 shares during the period. JPMorgan Chase & Co. boosted its stake in 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 worth $19,081,000 after buying an additional 226,742 shares during the period. Carolina Wealth Advisors LLC raised its position in Schwab Long-Term U.S. Treasury ETF by 2.7% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 579,543 shares of the company’s stock worth $18,140,000 after purchasing an additional 15,277 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of Schwab Long-Term U.S. Treasury ETF by 75.6% during the 4th quarter. Cetera Investment Advisers now owns 497,042 shares of the company’s stock worth $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.