Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) saw strong trading volume on Tuesday. 20,142,389 shares changed hands during trading, an increase of 318% from the average daily volume of 4,816,535 shares. The stock last traded at $25.6250 and had previously closed at $25.64.

Schwab U.S. TIPS ETF Price Performance

The stock’s 50-day simple moving average is $25.56 and its two-hundred day simple moving average is $26.31.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SCHP. Sei Investments Co. increased its stake in Schwab U.S. TIPS ETF by 5.3% in the 1st quarter. Sei Investments Co. now owns 12,955,292 shares of the company’s stock worth $344,741,000 after buying an additional 646,415 shares in the last quarter. Lincoln National Corp lifted its position in shares of Schwab U.S. TIPS ETF by 180.0% in the first quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after acquiring an additional 5,726,082 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Schwab U.S. TIPS ETF by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 6,295,573 shares of the company’s stock valued at $166,833,000 after acquiring an additional 300,734 shares in the last quarter. Alesco Advisors LLC An ESL Co lifted its position in shares of Schwab U.S. TIPS ETF by 2.8% in the first quarter. Alesco Advisors LLC An ESL Co now owns 6,121,252 shares of the company’s stock valued at $162,887,000 after acquiring an additional 164,878 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its stake in shares of Schwab U.S. TIPS ETF by 2.9% in the third quarter. Armstrong Advisory Group Inc. now owns 3,629,675 shares of the company’s stock worth $91,214,000 after acquiring an additional 102,157 shares during the period.

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.