Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) saw unusually-high trading volume on Tuesday. Approximately 20,142,389 shares were traded during trading, an increase of 318% from the average daily volume of 4,816,535 shares. The stock last traded at $25.6250 and had previously closed at $25.64.
Schwab U.S. TIPS ETF Stock Down 0.1%
The company’s 50 day moving average price is $25.56 and its two-hundred day moving average price is $26.31.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. Lincoln National Corp raised its holdings in 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 worth $237,038,000 after purchasing an additional 5,726,082 shares during the period. Baldwin Wealth Partners LLC MA bought a new position in shares of Schwab U.S. TIPS ETF in the third quarter worth about $39,649,000. Pictet Asset Management Holding SA raised its stake in shares of Schwab U.S. TIPS ETF by 1,764.9% in the first quarter. Pictet Asset Management Holding SA now owns 1,267,000 shares of the company’s stock worth $33,715,000 after buying an additional 1,199,060 shares during the period. Avior Wealth Management LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the 3rd quarter valued at about $27,214,000. Finally, Assetmark Inc. lifted its position in shares of Schwab U.S. TIPS ETF by 39.1% during the 1st quarter. Assetmark Inc. now owns 2,687,120 shares of the company’s stock valued at $71,504,000 after buying an additional 755,117 shares in the last quarter.
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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