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 Tuesday . Approximately 16,050,117 shares changed hands during mid-day trading, an increase of 519% from the previous session’s volume of 2,591,327 shares.The stock last traded at $25.80 and had previously closed at $25.83.

Schwab U.S. TIPS ETF Price Performance

The company has a 50 day simple moving average of $26.18 and a 200-day simple moving average of $26.32.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. LGT Financial Advisors LLC lifted its holdings in shares of 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 worth $35,000 after buying an additional 306 shares in the last quarter. Family Asset Management LLC purchased a new stake in Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $36,000. Capital Performance Advisors LLP purchased a new stake in Schwab U.S. TIPS ETF in the 3rd quarter worth approximately $63,000. Fairscale Capital LLC bought a new position in Schwab U.S. TIPS ETF in the 2nd quarter valued at $105,000. Finally, CWM LLC grew its position in shares of Schwab U.S. TIPS ETF by 13.9% during the 3rd quarter. CWM LLC now owns 2,810 shares of the company’s stock valued at $151,000 after purchasing an additional 344 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.