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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) saw unusually-strong trading volume on Wednesday . Approximately 16,389,412 shares were traded during 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 Trading Down 0.6 %

The company’s fifty day moving average price is $26.60 and its two-hundred day moving average price is $26.21.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Physician Wealth Solutions Inc. increased its position in Schwab U.S. TIPS ETF by 108.8% during the 3rd quarter. Physician Wealth Solutions Inc. now owns 83,929 shares of the company’s stock worth $4,501,000 after purchasing an additional 43,727 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Schwab U.S. TIPS ETF during the third quarter worth approximately $63,000. Principal Financial Group Inc. increased its position in shares of Schwab U.S. TIPS ETF by 6.3% in the third quarter. Principal Financial Group Inc. now owns 173,650 shares of the company’s stock worth $9,313,000 after acquiring an additional 10,327 shares in the last quarter. White Lighthouse Investment Management Inc. raised its stake in shares of Schwab U.S. TIPS ETF by 4.7% in the 3rd quarter. White Lighthouse Investment Management Inc. now owns 42,225 shares of the company’s stock valued at $2,265,000 after acquiring an additional 1,885 shares during the period. Finally, Foster & Motley Inc. lifted its holdings in shares of Schwab U.S. TIPS ETF by 5.1% during the 3rd quarter. Foster & Motley Inc. now owns 369,019 shares of the company’s stock valued at $19,791,000 after acquiring an additional 18,009 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.