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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) shares are set to split on Friday, October 11th. The 2-1 split was announced on Wednesday, September 25th. The newly issued shares will be issued to shareholders after the market closes on Thursday, October 10th.

Schwab U.S. TIPS ETF Stock Performance

SCHP stock opened at $53.12 on Monday. Schwab U.S. TIPS ETF has a one year low of $49.50 and a one year high of $53.92. The firm’s fifty day moving average is $53.13 and its 200 day moving average is $52.29.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Client Services LLC lifted its holdings in Schwab U.S. TIPS ETF by 46.2% during the third quarter. Private Client Services LLC now owns 8,483 shares of the company’s stock valued at $455,000 after purchasing an additional 2,680 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of Schwab U.S. TIPS ETF in the third quarter worth about $476,000. Marotta Asset Management lifted its stake in shares of Schwab U.S. TIPS ETF by 5.7% in the third quarter. Marotta Asset Management now owns 245,167 shares of the company’s stock worth $13,148,000 after buying an additional 13,318 shares in the last quarter. Brightwater Advisory LLC purchased a new position in shares of Schwab U.S. TIPS ETF in the second quarter worth about $7,991,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Schwab U.S. TIPS ETF in the second quarter worth about $6,904,000.

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.