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

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) shares hit a new 52-week low on Wednesday . The stock traded as low as $29.32 and last traded at $29.3250, with a volume of 1335170 shares changing hands. The stock had previously closed at $29.75.

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

The business’s fifty day moving average price is $30.03 and its 200-day moving average price is $30.79.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Windsor Advisory Group LLC bought a new stake in Schwab Long-Term U.S. Treasury ETF during the first quarter valued at $28,000. Dogwood Wealth Management LLC raised its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 1,049.7% in the 2nd quarter. Dogwood Wealth Management LLC now owns 1,920 shares of the company’s stock valued at $60,000 after acquiring an additional 1,753 shares in the last quarter. SouthState Bank Corp purchased a new stake in shares of Schwab Long-Term U.S. Treasury ETF in the 1st quarter valued at about $94,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Schwab Long-Term U.S. Treasury ETF during the 2nd quarter valued at about $97,000. Finally, Scarborough Advisors LLC bought a new stake in shares of Schwab Long-Term U.S. Treasury ETF during the 1st quarter valued at about $110,000.

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.