Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Up 0.3% – Still a Buy?

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) shot up 0.3% on Wednesday . The stock traded as high as $26.44 and last traded at $26.43. 2,471,046 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 2,529,393 shares. The stock had previously closed at $26.34.

Schwab U.S. TIPS ETF Stock Up 0.3 %

The company’s fifty day simple moving average is $26.40 and its two-hundred day simple moving average is $26.30.

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

Hedge funds have recently bought and sold shares of the company. LGT Financial Advisors LLC raised 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 worth $35,000 after purchasing an additional 306 shares during the period. Family Asset Management LLC acquired a new stake in Schwab U.S. TIPS ETF in the second quarter worth $36,000. Triad Wealth Partners LLC acquired a new stake in Schwab U.S. TIPS ETF in the second quarter worth $44,000. Transcendent Capital Group LLC increased its position in shares of Schwab U.S. TIPS ETF by 108.9% during the second quarter. Transcendent Capital Group LLC now owns 1,032 shares of the company’s stock worth $54,000 after acquiring an additional 538 shares in the last quarter. Finally, Aspire Private Capital LLC increased its position in shares of Schwab U.S. TIPS ETF by 194.9% during the second quarter. Aspire Private Capital LLC now owns 1,100 shares of the company’s stock worth $57,000 after acquiring an additional 727 shares in the last quarter.

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.