Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sees Strong Trading Volume – What’s Next?

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) shares saw strong trading volume on Monday . 9,889,493 shares were traded during mid-day trading, an increase of 259% from the previous session’s volume of 2,757,823 shares.The stock last traded at $26.57 and had previously closed at $26.66.

Schwab U.S. TIPS ETF Stock Performance

The business’s 50 day moving average price is $26.30 and its 200 day moving average price is $26.32.

Institutional Trading of Schwab U.S. TIPS ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SCHP. Wilmington Savings Fund Society FSB purchased a new stake in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth about $483,000. Brookstone Capital Management raised its position in Schwab U.S. TIPS ETF by 161.2% in the fourth quarter. Brookstone Capital Management now owns 17,260 shares of the company’s stock valued at $446,000 after purchasing an additional 10,651 shares during the period. Allworth Financial LP lifted its position in shares of Schwab U.S. TIPS ETF by 820.4% during the fourth quarter. Allworth Financial LP now owns 17,976 shares of the company’s stock worth $466,000 after purchasing an additional 16,023 shares in the last quarter. Barrett & Company Inc. grew its stake in Schwab U.S. TIPS ETF by 100.0% during the 4th quarter. Barrett & Company Inc. now owns 14,702 shares of the company’s stock valued at $380,000 after purchasing an additional 7,351 shares in the last quarter. Finally, Independent Advisor Alliance acquired a new position in Schwab U.S. TIPS ETF during the 4th quarter worth $376,000.

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.