Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $25.87 and last traded at $25.87, with a volume of 2934119 shares. The stock had previously closed at $25.93.
Schwab U.S. TIPS ETF Trading Down 0.3%
The firm has a fifty day simple moving average of $26.12 and a 200 day simple moving average of $26.50.
Hedge Funds Weigh In On Schwab U.S. TIPS ETF
Several institutional investors have recently made changes to their positions in SCHP. Sei Investments Co. lifted its stake in Schwab U.S. TIPS ETF by 5.3% in the first quarter. Sei Investments Co. now owns 12,955,292 shares of the company’s stock worth $344,741,000 after acquiring an additional 646,415 shares during the period. Cerity Partners LLC increased its position in Schwab U.S. TIPS ETF by 11.2% during 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 increased its position in Schwab U.S. TIPS ETF by 16.5% during the 4th quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock valued at $239,272,000 after purchasing an additional 1,281,394 shares during the period. Lincoln National Corp increased its position in Schwab U.S. TIPS ETF by 180.0% during the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after purchasing an additional 5,726,082 shares during the period. Finally, CENTRAL TRUST Co raised its holdings in shares of Schwab U.S. TIPS ETF by 5.5% in the 1st quarter. CENTRAL TRUST Co now owns 8,055,215 shares of the company’s stock valued at $214,349,000 after purchasing an additional 421,678 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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