Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Hits New 52-Week High at $53.92

Schwab U.S. TIPS ETF (NYSEARCA:SCHP)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $53.92 and last traded at $53.89, with a volume of 198064 shares changing hands. The stock had previously closed at $53.63.

Schwab U.S. TIPS ETF Trading Down 0.1 %

The firm has a fifty day simple moving average of $53.09 and a 200-day simple moving average of $52.26.

Institutional Investors Weigh In On Schwab U.S. TIPS ETF

Several hedge funds have recently bought and sold shares of the stock. Transcendent Capital Group LLC bought a new position in Schwab U.S. TIPS ETF during the fourth quarter worth about $26,000. Mather Group LLC. bought a new stake in shares of Schwab U.S. TIPS ETF in the first quarter valued at approximately $27,000. Pathway Financial Advisers LLC acquired a new stake in Schwab U.S. TIPS ETF during the first quarter worth approximately $33,000. LGT Financial Advisors LLC increased its stake in Schwab U.S. TIPS ETF by 81.8% during the 2nd quarter. LGT Financial Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after acquiring an additional 306 shares during the period. Finally, Family Asset Management LLC acquired a new position in Schwab U.S. TIPS ETF in the 2nd quarter valued at $36,000.

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.