Envestnet Portfolio Solutions Inc. Sells 77,124 Shares of Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ)

Envestnet Portfolio Solutions Inc. lowered its position in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) by 32.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 157,707 shares of the company’s stock after selling 77,124 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 0.80% of Schwab Long-Term U.S. Treasury ETF worth $5,174,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. TSA Wealth Managment LLC purchased a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the 4th quarter worth approximately $411,000. Concourse Financial Group Securities Inc. increased its position in shares of Schwab Long-Term U.S. Treasury ETF by 139.3% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 123,139 shares of the company’s stock worth $4,320,000 after purchasing an additional 71,680 shares in the last quarter. Northwest Capital Management Inc raised its stake in Schwab Long-Term U.S. Treasury ETF by 122.2% in the fourth quarter. Northwest Capital Management Inc now owns 506,542 shares of the company’s stock valued at $17,769,000 after buying an additional 278,581 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in Schwab Long-Term U.S. Treasury ETF by 64.9% in the 4th quarter. Tortoise Investment Management LLC now owns 2,400 shares of the company’s stock worth $84,000 after purchasing an additional 945 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of Schwab Long-Term U.S. Treasury ETF during the fourth quarter worth $957,000.

Schwab Long-Term U.S. Treasury ETF Trading Down 1.2 %

NYSEARCA SCHQ traded down $0.43 on Thursday, reaching $34.46. 122,512 shares of the company’s stock traded hands, compared to its average volume of 242,627. The stock has a 50 day moving average price of $33.46 and a 200-day moving average price of $33.11. Schwab Long-Term U.S. Treasury ETF has a fifty-two week low of $29.62 and a fifty-two week high of $35.59.

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.