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

Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) saw an uptick in trading volume on Thursday . 13,175,181 shares changed hands during mid-day 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 Ratings Changes

Separately, Sanford C. Bernstein raised Schwab U.S. TIPS ETF to a “hold” rating in a research report on Friday, December 5th.

Schwab U.S. TIPS ETF Price Performance

The firm has a 50-day simple moving average of $26.69 and a 200-day simple moving average of $26.77.

Institutional Trading of Schwab U.S. TIPS ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Founders Financial Alliance LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 392.8% during the 3rd quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock worth $26,000 after acquiring an additional 766 shares during the last quarter. Financial Consulate Inc. purchased a new position in Schwab U.S. TIPS ETF during the third quarter valued at $29,000. Olistico Wealth LLC purchased a new position in Schwab U.S. TIPS ETF during the fourth quarter valued at $30,000. Mogy Joel R Investment Counsel Inc. bought a new stake in Schwab U.S. TIPS ETF during the second quarter valued at about $32,000. Finally, Bessemer Group Inc. purchased a new stake in Schwab U.S. TIPS ETF in the second quarter worth about $32,000.

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.