Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $26.14 and last traded at $26.15, with a volume of 2433873 shares. The stock had previously closed at $26.18.
Schwab U.S. TIPS ETF Stock Performance
The firm’s fifty day moving average is $26.45 and its 200 day moving average is $26.62.
Institutional Investors Weigh In On Schwab U.S. TIPS ETF
Hedge funds have recently bought and sold shares of the stock. Quadratic Capital Management LLC increased its stake in shares of Schwab U.S. TIPS ETF by 23.2% during the fourth quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock worth $384,084,000 after purchasing an additional 2,732,156 shares during the period. Sei Investments Co. boosted its stake in Schwab U.S. TIPS ETF by 5.3% in the 1st quarter. Sei Investments Co. now owns 12,955,292 shares of the company’s stock valued at $344,741,000 after purchasing an additional 646,415 shares during the period. Cerity Partners LLC boosted its stake in Schwab U.S. TIPS ETF by 11.2% in the 4th quarter. Cerity Partners LLC now owns 9,291,730 shares of the company’s stock valued at $246,138,000 after purchasing an additional 936,063 shares during the period. Evoke Wealth LLC grew its holdings in Schwab U.S. TIPS ETF by 16.5% in the 4th quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock valued at $239,272,000 after buying an additional 1,281,394 shares in the last quarter. Finally, Lincoln National Corp grew its holdings in Schwab U.S. TIPS ETF by 180.0% in the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after buying an additional 5,726,082 shares in the last quarter.
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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