Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report)’s stock price reached a new 52-week low on Monday . The company traded as low as $26.19 and last traded at $26.20, with a volume of 153484 shares changing hands. The stock had previously closed at $26.23.
Schwab U.S. TIPS ETF Stock Performance
The stock’s 50-day simple moving average is $26.56 and its 200 day simple moving average is $26.64.
Hedge Funds Weigh In On Schwab U.S. TIPS ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. City Holding Co. acquired a new stake in Schwab U.S. TIPS ETF in the second quarter valued at $122,000. Carolina Wealth Advisors LLC grew its stake in shares of Schwab U.S. TIPS ETF by 1.4% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 472,871 shares of the company’s stock worth $12,531,000 after purchasing an additional 6,530 shares during the period. FC Advisory LLC grew its stake in shares of Schwab U.S. TIPS ETF by 2.7% during the 2nd quarter. FC Advisory LLC now owns 339,902 shares of the company’s stock worth $9,007,000 after purchasing an additional 8,964 shares during the period. Wealthcare Advisory Partners LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 47.8% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 2,090,010 shares of the company’s stock valued at $55,385,000 after purchasing an additional 675,990 shares in the last quarter. Finally, Wealthcare Capital Partners LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 2.8% in the 2nd quarter. Wealthcare Capital Partners LLC now owns 256,955 shares of the company’s stock valued at $6,809,000 after purchasing an additional 6,960 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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