Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sees Large Volume Increase – Still a Buy?

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) saw unusually-strong trading volume on Wednesday . Approximately 16,389,412 shares were traded during mid-day trading, an increase of 570% from the previous session’s volume of 2,446,288 shares.The stock last traded at $26.35 and had previously closed at $26.29.

Schwab U.S. TIPS ETF Stock Performance

The business’s 50 day simple moving average is $26.61 and its 200-day simple moving average is $26.21.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Management Resources Inc. lifted its stake in Schwab U.S. TIPS ETF by 2.0% in the first quarter. Wealth Management Resources Inc. now owns 226,548 shares of the company’s stock valued at $11,817,000 after acquiring an additional 4,450 shares during the last quarter. Veracity Capital LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 3.8% during the 1st quarter. Veracity Capital LLC now owns 18,014 shares of the company’s stock valued at $940,000 after purchasing an additional 656 shares in the last quarter. Physician Wealth Solutions Inc. lifted its stake in shares of Schwab U.S. TIPS ETF by 2.5% in the 1st quarter. Physician Wealth Solutions Inc. now owns 39,721 shares of the company’s stock valued at $2,072,000 after purchasing an additional 972 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Schwab U.S. TIPS ETF by 83.0% in the first quarter. HB Wealth Management LLC now owns 7,240 shares of the company’s stock worth $378,000 after purchasing an additional 3,283 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in Schwab U.S. TIPS ETF by 1.1% during the first quarter. J.W. Cole Advisors Inc. now owns 59,212 shares of the company’s stock worth $3,080,000 after buying an additional 668 shares during 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.