Merit Financial Group LLC Makes New $957,000 Investment in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ)

Merit Financial Group LLC acquired a new position in shares of Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) during the fourth quarter, HoldingsChannel reports. The fund acquired 27,294 shares of the company’s stock, valued at approximately $957,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Park Place Capital Corp purchased a new stake in Schwab Long-Term U.S. Treasury ETF in the 4th quarter valued at about $98,000. Sound Income Strategies LLC purchased a new stake in shares of Schwab Long-Term U.S. Treasury ETF during the 4th quarter worth about $121,000. Creative Financial Designs Inc. ADV acquired a new stake in Schwab Long-Term U.S. Treasury ETF during the 4th quarter worth approximately $124,000. Silver Oak Securities Incorporated raised its holdings in Schwab Long-Term U.S. Treasury ETF by 5.6% in the fourth quarter. Silver Oak Securities Incorporated now owns 7,467 shares of the company’s stock valued at $262,000 after buying an additional 396 shares during the period. Finally, Strategic Blueprint LLC acquired a new position in Schwab Long-Term U.S. Treasury ETF during the fourth quarter valued at approximately $263,000.

Schwab Long-Term U.S. Treasury ETF Trading Up 0.9 %

SCHQ stock opened at $32.13 on Monday. The stock has a 50-day simple moving average of $32.84 and a 200-day simple moving average of $33.03. Schwab Long-Term U.S. Treasury ETF has a 1 year low of $29.62 and a 1 year high of $37.60.

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.