Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) saw strong trading volume on Wednesday . Approximately 14,912,707 shares were traded during mid-day trading, an increase of 239% from the previous session’s volume of 4,395,659 shares.The stock last traded at $26.48 and had previously closed at $26.38.
Schwab U.S. TIPS ETF Price Performance
The company has a fifty day moving average price of $26.69 and a two-hundred day moving average price of $26.67.
Hedge Funds Weigh In On Schwab U.S. TIPS ETF
A number of institutional investors have recently modified their holdings of the business. Pine Haven Investment Counsel Inc boosted its stake in Schwab U.S. TIPS ETF by 0.9% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 42,192 shares of the company’s stock worth $1,118,000 after purchasing an additional 390 shares during the period. Fortis Capital Management LLC increased its stake in Schwab U.S. TIPS ETF by 1.3% in the fourth quarter. Fortis Capital Management LLC now owns 30,765 shares of the company’s stock valued at $815,000 after purchasing an additional 390 shares during the period. Cassady Wealth & Retirement Planning LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 2.2% in the first quarter. Cassady Wealth & Retirement Planning LLC now owns 18,461 shares of the company’s stock valued at $496,000 after buying an additional 398 shares during the last quarter. Cape Investment Advisory Inc. raised its holdings in shares of Schwab U.S. TIPS ETF by 21.2% in the third quarter. Cape Investment Advisory Inc. now owns 2,356 shares of the company’s stock valued at $63,000 after buying an additional 412 shares during the last quarter. Finally, Arta Finance Wealth Management LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 1.8% during the first quarter. Arta Finance Wealth Management LLC now owns 27,080 shares of the company’s stock worth $720,000 after buying an additional 474 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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