Schwab U.S. TIPS ETF Stock Scheduled to Split on Friday, October 11th (NYSEARCA:SCHP)

by · The Cerbat Gem

Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report)’s stock is scheduled to split on the morning of Friday, October 11th. The 2-1 split was announced on Wednesday, September 25th. The newly created shares will be distributed to shareholders after the closing bell on Thursday, October 10th.

Schwab U.S. TIPS ETF Stock Down 0.7 %

NYSEARCA SCHP opened at $53.12 on Monday. The business has a 50-day moving average price of $53.13 and a 200-day moving average price of $52.29. Schwab U.S. TIPS ETF has a twelve month low of $49.50 and a twelve month high of $53.92.

Hedge Funds Weigh In On Schwab U.S. TIPS ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in Schwab U.S. TIPS ETF during the fourth quarter valued at approximately $26,000. Mather Group LLC. bought a new stake in shares of Schwab U.S. TIPS ETF in the 1st quarter valued at approximately $27,000. Pathway Financial Advisers LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the 1st quarter valued at approximately $33,000. LGT Financial Advisors LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 81.8% in the 2nd quarter. LGT Financial Advisors LLC now owns 680 shares of the company’s stock valued at $35,000 after purchasing an additional 306 shares during the last quarter. Finally, Family Asset Management LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at approximately $36,000.

Schwab U.S. TIPS ETF Company Profile

(Get Free Report)

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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