Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sees Large Volume Increase – Still a Buy?

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) shares saw unusually-strong trading volume on Friday . 18,751,656 shares changed hands during trading, an increase of 318% from the previous session’s volume of 4,486,410 shares.The stock last traded at $25.93 and had previously closed at $26.04.

Schwab U.S. TIPS ETF Price Performance

The firm has a 50 day moving average price of $26.15 and a 200-day moving average price of $26.52.

Institutional Trading of Schwab U.S. TIPS ETF

Several hedge funds have recently added to or reduced their stakes in the company. Lincoln National Corp increased its position in shares of Schwab U.S. TIPS ETF by 180.0% in the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after purchasing an additional 5,726,082 shares during the last quarter. Beacon Pointe Advisors LLC lifted its position in shares of Schwab U.S. TIPS ETF by 839.0% during the 4th quarter. Beacon Pointe Advisors LLC now owns 3,546,615 shares of the company’s stock worth $93,950,000 after purchasing an additional 3,168,924 shares during the last quarter. Nepc LLC lifted its position in shares of Schwab U.S. TIPS ETF by 64.9% during the 4th quarter. Nepc LLC now owns 7,572,111 shares of the company’s stock worth $200,585,000 after purchasing an additional 2,980,022 shares during the last quarter. Valpey Financial Services LLC grew its stake in shares of Schwab U.S. TIPS ETF by 2,722.6% during the fourth quarter. Valpey Financial Services LLC now owns 1,970,938 shares of the company’s stock worth $52,210,000 after purchasing an additional 1,901,111 shares in the last quarter. Finally, Arax Advisory Partners acquired a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter worth $45,636,000.

Schwab U.S. TIPS ETF Company Profile

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.