Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $26.37 and last traded at $26.38, with a volume of 3804422 shares trading hands. The stock had previously closed at $26.49.
Schwab U.S. TIPS ETF Stock Performance
The business’s fifty day moving average price is $26.69 and its 200-day moving average price is $26.67.
Institutional Investors Weigh In On Schwab U.S. TIPS ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in SCHP. Archer Investment Corp lifted its holdings in shares of Schwab U.S. TIPS ETF by 212.2% during the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 660 shares during the period. Lloyd Advisory Services LLC. bought a new stake in shares of Schwab U.S. TIPS ETF in the fourth quarter worth $29,000. Olistico Wealth LLC purchased a new stake in Schwab U.S. TIPS ETF during the fourth quarter valued at $30,000. Ameritas Investment Partners Inc. increased its position in Schwab U.S. TIPS ETF by 83.9% during the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after acquiring an additional 547 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in Schwab U.S. TIPS ETF by 69.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock valued at $35,000 after acquiring an additional 541 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.
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