Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sees Large Volume Increase – Here’s What Happened

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) shares saw strong trading volume on Tuesday. Approximately 20,142,389 shares traded hands during mid-day 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 0.0%

The company has a fifty day simple moving average of $25.55 and a two-hundred day simple moving average of $26.30.

Institutional Trading of Schwab U.S. TIPS ETF

A number of hedge funds have recently bought and sold shares of the stock. First Community Trust NA acquired a new stake in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth approximately $25,000. Archer Investment Corp boosted its holdings in shares of Schwab U.S. TIPS ETF by 212.2% in the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 660 shares in the last quarter. Align Financial LLC acquired a new position in Schwab U.S. TIPS ETF in the third quarter valued at approximately $27,000. TOP Private Wealth LLC. bought a new position in Schwab U.S. TIPS ETF in the second quarter valued at approximately $38,000. Finally, CX Institutional acquired a new position in Schwab U.S. TIPS ETF during the third quarter valued at approximately $44,000.

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.