Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) saw strong trading volume on Monday . 9,889,493 shares changed hands during 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 0.2 %
The stock’s 50-day moving average is $26.34 and its 200-day moving average is $26.32.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. lifted its holdings in Schwab U.S. TIPS ETF by 0.8% in the 3rd quarter. Citigroup Inc. now owns 359,330 shares of the company’s stock worth $19,271,000 after buying an additional 2,813 shares in the last quarter. Elios Financial Group Inc. acquired a new position in shares of Schwab U.S. TIPS ETF in the third quarter worth about $310,000. Transamerica Financial Advisors Inc. boosted its holdings in Schwab U.S. TIPS ETF by 4.9% in the third quarter. Transamerica Financial Advisors Inc. now owns 167,022 shares of the company’s stock valued at $8,958,000 after purchasing an additional 7,788 shares during the last quarter. Bakala Capital LLC grew its stake in Schwab U.S. TIPS ETF by 3.0% during the 3rd quarter. Bakala Capital LLC now owns 14,993 shares of the company’s stock valued at $804,000 after purchasing an additional 430 shares in the last quarter. Finally, CreativeOne Wealth LLC increased its holdings in Schwab U.S. TIPS ETF by 15.0% during the 3rd quarter. CreativeOne Wealth LLC now owns 126,767 shares of the company’s stock worth $6,798,000 after purchasing an additional 16,545 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.
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