Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Hits New 1-Year Low – Should You Sell?

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ)’s stock price reached a new 52-week low on Monday . The company traded as low as $31.27 and last traded at $31.27, with a volume of 63707 shares trading hands. The stock had previously closed at $31.42.

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

The company’s fifty day moving average is $32.46 and its 200-day moving average is $33.55.

Hedge Funds Weigh In On Schwab Long-Term U.S. Treasury ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Schwab Long-Term U.S. Treasury ETF by 65.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 988,684 shares of the company’s stock valued at $34,752,000 after acquiring an additional 391,669 shares during the period. Sykon Capital LLC acquired a new position in Schwab Long-Term U.S. Treasury ETF during the second quarter valued at approximately $10,807,000. Wealth Enhancement Advisory Services LLC boosted its stake in Schwab Long-Term U.S. Treasury ETF by 166.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 411,495 shares of the company’s stock valued at $14,398,000 after buying an additional 257,079 shares in the last quarter. Werba Rubin Papier Wealth Management acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the 3rd quarter valued at approximately $7,523,000. Finally, Total Investment Management Inc. increased its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 6.9% during the third quarter. Total Investment Management Inc. now owns 2,738,105 shares of the company’s stock worth $95,806,000 after buying an additional 177,521 shares in the last quarter.

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.