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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) shares saw unusually-high trading volume on Friday . Approximately 6,218,591 shares changed hands during mid-day trading, an increase of 413% from the previous session’s volume of 1,211,757 shares.The stock last traded at $53.13 and had previously closed at $53.50.

Schwab U.S. TIPS ETF Stock Down 0.7 %

The firm has a fifty day simple moving average of $53.13 and a two-hundred day simple moving average of $52.28.

Shares of Schwab U.S. TIPS ETF are going to split on the morning of Friday, October 11th. The 2-1 split was announced on Wednesday, September 25th. The newly issued shares will be issued to shareholders after the closing bell on Thursday, October 10th.

Institutional Investors Weigh In On Schwab U.S. TIPS ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Transcendent Capital Group LLC acquired a new position in Schwab U.S. TIPS ETF in the fourth quarter valued at approximately $26,000. Mather Group LLC. acquired a new position in Schwab U.S. TIPS ETF in the first quarter valued at approximately $27,000. Pathway Financial Advisers LLC acquired a new position in Schwab U.S. TIPS ETF in the first quarter valued at approximately $33,000. LGT Financial Advisors LLC lifted its holdings in Schwab U.S. TIPS ETF by 81.8% in the second quarter. LGT Financial Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after acquiring an additional 306 shares during the period. Finally, Family Asset Management LLC acquired a new position in Schwab U.S. TIPS ETF in the second quarter valued at approximately $36,000.

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.