Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Sees Unusually-High Trading Volume – Here’s Why

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) saw an uptick in trading volume on Wednesday . 658,625 shares traded hands during trading, an increase of 123% from the previous session’s volume of 295,836 shares.The stock last traded at $32.41 and had previously closed at $32.51.

Schwab Long-Term U.S. Treasury ETF Stock Down 0.2 %

The firm has a 50 day simple moving average of $33.85 and a 200-day simple moving average of $33.65.

Institutional Trading of Schwab Long-Term U.S. Treasury ETF

Several large investors have recently made changes to their positions in SCHQ. Total Investment Management Inc. lifted its stake in Schwab Long-Term U.S. Treasury ETF by 6.9% in the 3rd quarter. Total Investment Management Inc. now owns 2,738,105 shares of the company’s stock valued at $95,806,000 after buying an additional 177,521 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 65.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 988,684 shares of the company’s stock worth $34,752,000 after buying an additional 391,669 shares in the last quarter. MML Investors Services LLC raised its position in shares of Schwab Long-Term U.S. Treasury ETF by 41.2% in the third quarter. MML Investors Services LLC now owns 456,967 shares of the company’s stock valued at $15,989,000 after buying an additional 133,361 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Schwab Long-Term U.S. Treasury ETF by 166.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 411,495 shares of the company’s stock worth $14,398,000 after acquiring an additional 257,079 shares during the last quarter. Finally, Sykon Capital LLC acquired a new stake in Schwab Long-Term U.S. Treasury ETF in the 2nd quarter valued at about $10,807,000.

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.