Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Hits New 12-Month High at $53.37

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $53.37 and last traded at $53.29, with a volume of 299747 shares changing hands. The stock had previously closed at $53.10.

Schwab U.S. TIPS ETF Stock Up 0.1 %

The stock has a 50-day moving average of $52.54 and a 200 day moving average of $52.03.

Hedge Funds Weigh In On Schwab U.S. TIPS ETF

Several large investors have recently bought and sold shares of the business. Transcendent Capital Group LLC acquired a new position in Schwab U.S. TIPS ETF in the fourth quarter valued at about $26,000. Mather Group LLC. bought a new position in shares of Schwab U.S. TIPS ETF during the 1st quarter valued at about $27,000. Pathway Financial Advisers LLC acquired a new position in shares of Schwab U.S. TIPS ETF in the 1st quarter valued at 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 purchasing an additional 306 shares in the last quarter. Finally, Family Asset Management LLC acquired a new stake in Schwab U.S. TIPS ETF during the 2nd quarter worth approximately $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.