Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 16,050,117 shares traded hands during trading, an increase of 519% from the previous session’s volume of 2,591,327 shares.The stock last traded at $25.80 and had previously closed at $25.83.
Schwab U.S. TIPS ETF Stock Performance
The business’s 50 day moving average is $26.18 and its two-hundred day moving average is $26.32.
Institutional Investors Weigh In On Schwab U.S. TIPS ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. LGT Financial Advisors LLC increased its stake in Schwab U.S. TIPS ETF by 81.8% in the 2nd quarter. LGT Financial Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after buying an additional 306 shares during the last quarter. Simplicity Wealth LLC grew its stake in Schwab U.S. TIPS ETF by 6.7% in the 3rd quarter. Simplicity Wealth LLC now owns 5,016 shares of the company’s stock valued at $269,000 after purchasing an additional 314 shares during the period. CWM LLC increased its position in shares of Schwab U.S. TIPS ETF by 13.9% during the 3rd quarter. CWM LLC now owns 2,810 shares of the company’s stock valued at $151,000 after purchasing an additional 344 shares during the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of Schwab U.S. TIPS ETF by 2.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 15,492 shares of the company’s stock worth $831,000 after purchasing an additional 364 shares during the period. Finally, Covestor Ltd grew its position in Schwab U.S. TIPS ETF by 7.4% during the third quarter. Covestor Ltd now owns 5,625 shares of the company’s stock valued at $302,000 after buying an additional 388 shares during the period.
About Schwab U.S. TIPS ETF
The Schwab U.S. TIPS ETF (SCHP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value weighted index of US Treasury inflation-protected securities with at least one year remaining in maturity. SCHP was launched on Aug 5, 2010 and is managed by Charles Schwab.
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