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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) shares saw unusually-high trading volume on Monday . Approximately 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 Trading Down 0.4 %

The company has a 50-day moving average price of $26.30 and a 200-day moving average price of $26.32.

Hedge Funds Weigh In On Schwab U.S. TIPS ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Salem Investment Counselors Inc. boosted its holdings in Schwab U.S. TIPS ETF by 91.8% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock valued at $27,000 after acquiring an additional 506 shares during the period. Transcendent Capital Group LLC raised its stake in Schwab U.S. TIPS ETF by 112.1% during the fourth quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock worth $27,000 after acquiring an additional 554 shares in the last quarter. Community Bank N.A. lifted its holdings in Schwab U.S. TIPS ETF by 100.0% during the 4th quarter. Community Bank N.A. now owns 1,052 shares of the company’s stock valued at $27,000 after purchasing an additional 526 shares during the last quarter. Coppell Advisory Solutions LLC raised its position in Schwab U.S. TIPS ETF by 246.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,050 shares of the company’s stock valued at $27,000 after purchasing an additional 747 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of Schwab U.S. TIPS ETF by 100.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 1,128 shares of the company’s stock worth $29,000 after purchasing an additional 564 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.