Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 13,175,181 shares were traded during trading, an increase of 138% from the previous session’s volume of 5,524,885 shares.The stock last traded at $26.5950 and had previously closed at $26.60.
Analyst Upgrades and Downgrades
Separately, Sanford C. Bernstein upgraded Schwab U.S. TIPS ETF to a “hold” rating in a research note on Friday, December 5th.
Check Out Our Latest Analysis on Schwab U.S. TIPS ETF
Schwab U.S. TIPS ETF Stock Performance
Institutional Investors Weigh In On Schwab U.S. TIPS ETF
A number of institutional investors have recently modified their holdings of SCHP. Founders Financial Alliance LLC boosted its stake in Schwab U.S. TIPS ETF by 392.8% in the third quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock valued at $26,000 after acquiring an additional 766 shares during the period. Financial Consulate Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $29,000. Olistico Wealth LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the 4th quarter worth approximately $30,000. Bessemer Group Inc. bought a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $32,000. Finally, Ameritas Investment Partners Inc. boosted its position in Schwab U.S. TIPS ETF by 83.9% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after purchasing an additional 547 shares during the period.
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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