In a significant move in the investment landscape, Smart Money Group LLC has acquired a new position in the Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) during the third quarter of 2023. The institutional investor purchased 18,349 shares valued at approximately $593,000, marking a noteworthy addition to its portfolio.
Several other hedge funds have also adjusted their stakes in the Schwab Long-Term U.S. Treasury ETF. For instance, Collective Family Office LLC increased its investment by 0.9%, acquiring an additional 672 shares, bringing its total holdings to 76,801 shares worth around $2,481,000. Similarly, Bryn Mawr Trust Advisors LLC raised its stake by 5.5% during the same period, owning 17,875 shares valued at $578,000 after purchasing an additional 924 shares.
Other notable adjustments include Fermata Advisors LLC, which increased its position by 2.8% to hold 38,690 shares worth $1,250,000, and Northwest Capital Management Inc, which boosted its holdings by 6.9%, now owning 17,979 shares valued at $581,000. Additionally, CWM LLC raised its stake by 8.5%, acquiring 1,163 more shares and bringing its total to 14,808 shares valued at approximately $478,000.
Market Performance and ETF Overview
As of the latest trading session, the Schwab Long-Term U.S. Treasury ETF opened at $32.84. The fund has a 50-day moving average price of $31.97 and a 200-day moving average price of $32.13. Over the past year, the ETF has experienced fluctuations, reaching a low of $30.24 and a high of $33.82.
The Schwab Long-Term U.S. Treasury ETF, launched on October 10, 2019, is designed to track the Bloomberg US Long Treasury index. This exchange-traded fund focuses on a market-value weighted index of U.S. investment-grade Treasury bonds with remaining maturities of ten years or more. Managed by Charles Schwab, the ETF serves as a critical investment vehicle for those seeking exposure to long-term U.S. government bonds.
As investment strategies continue to evolve, the recent adjustments by institutional investors highlight a robust interest in long-term treasury securities, reflecting broader economic conditions and market expectations. For those monitoring hedge fund activities, further insights can be found through resources such as Holdings Channel, which provides updates on recent trades and filings related to the Schwab Long-Term U.S. Treasury ETF.
