Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 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 Stock Down 0.4%
The business has a fifty day moving average of $26.14 and a 200-day moving average of $26.52.
Institutional Investors Weigh In On Schwab U.S. TIPS ETF
Several hedge funds have recently modified their holdings of SCHP. Decker Retirement Planning Inc. raised its position in Schwab U.S. TIPS ETF by 17.3% during the 1st quarter. Decker Retirement Planning Inc. now owns 143,728 shares of the company’s stock worth $3,825,000 after buying an additional 21,239 shares during the last quarter. Peak Financial Management Inc. boosted its holdings in shares of Schwab U.S. TIPS ETF by 5.9% in the 1st quarter. Peak Financial Management Inc. now owns 351,526 shares of the company’s stock valued at $9,354,000 after acquiring an additional 19,702 shares during the last quarter. Riverpoint Wealth Management Holdings LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 19.0% in the 4th quarter. Riverpoint Wealth Management Holdings LLC now owns 241,406 shares of the company’s stock valued at $6,395,000 after acquiring an additional 38,564 shares during the last quarter. Tandemgrowth Financial Advisors LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the fourth quarter worth $16,396,000. Finally, Greenspring Advisors LLC increased its stake in shares of Schwab U.S. TIPS ETF by 257.9% in the fourth quarter. Greenspring Advisors LLC now owns 221,688 shares of the company’s stock worth $5,873,000 after acquiring an additional 159,742 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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