Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $27.04 and last traded at $27.03, with a volume of 927507 shares changing hands. The stock had previously closed at $26.77.
Schwab U.S. TIPS ETF Stock Up 0.9 %
The business has a fifty day moving average price of $26.43 and a 200 day moving average price of $26.32.
Institutional Trading of Schwab U.S. TIPS ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Schwab U.S. TIPS ETF in the third quarter valued at about $483,000. Brookstone Capital Management grew its position in shares of Schwab U.S. TIPS ETF by 161.2% in the fourth quarter. Brookstone Capital Management now owns 17,260 shares of the company’s stock valued at $446,000 after purchasing an additional 10,651 shares during the last quarter. Allworth Financial LP grew its position in shares of Schwab U.S. TIPS ETF by 820.4% in the fourth quarter. Allworth Financial LP now owns 17,976 shares of the company’s stock valued at $466,000 after purchasing an additional 16,023 shares during the last quarter. Independent Advisor Alliance bought a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter worth approximately $376,000. Finally, Barrett & Company Inc. lifted its holdings in Schwab U.S. TIPS ETF by 100.0% during the 4th quarter. Barrett & Company Inc. now owns 14,702 shares of the company’s stock worth $380,000 after purchasing an additional 7,351 shares during the last quarter.
About Schwab U.S. TIPS ETF
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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