Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Trading Up 0.2% – Time to Buy?

Schwab U.S. TIPS ETF (NYSEARCA:SCHP)’s stock price traded up 0.2% during mid-day trading on Wednesday . The stock traded as high as $25.81 and last traded at $25.80. 1,597,560 shares changed hands during trading, a decline of 37% from the average session volume of 2,536,586 shares. The stock had previously closed at $25.75.

Schwab U.S. TIPS ETF Stock Up 0.2 %

The business’s fifty day simple moving average is $26.24 and its 200-day simple moving average is $26.32.

Institutional Trading of Schwab U.S. TIPS ETF

Several hedge funds have recently made changes to their positions in SCHP. Principal Financial Group Inc. grew its holdings in shares of Schwab U.S. TIPS ETF by 6.3% in the third quarter. Principal Financial Group Inc. now owns 173,650 shares of the company’s stock worth $9,313,000 after purchasing an additional 10,327 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Schwab U.S. TIPS ETF in the 3rd quarter worth about $483,000. Sanctuary Advisors LLC increased its position in shares of Schwab U.S. TIPS ETF by 104.5% during the third quarter. Sanctuary Advisors LLC now owns 274,985 shares of the company’s stock worth $14,747,000 after acquiring an additional 140,492 shares during the period. Virtue Capital Management LLC raised its stake in shares of Schwab U.S. TIPS ETF by 3.3% during the third quarter. Virtue Capital Management LLC now owns 94,827 shares of the company’s stock valued at $5,086,000 after acquiring an additional 3,066 shares in the last quarter. Finally, Asset Allocation Strategies LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 68.2% in the third quarter. Asset Allocation Strategies LLC now owns 14,286 shares of the company’s stock valued at $766,000 after purchasing an additional 5,793 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.