Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Reaches New 12-Month High at $53.05

Schwab U.S. TIPS ETF (NYSEARCA:SCHP)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $53.05 and last traded at $53.04, with a volume of 516525 shares trading hands. The stock had previously closed at $52.95.

Schwab U.S. TIPS ETF Stock Performance

The company’s 50 day simple moving average is $52.38 and its two-hundred day simple moving average is $51.94.

Institutional Trading of Schwab U.S. TIPS ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lincoln National Corp lifted its position in Schwab U.S. TIPS ETF by 18,532.4% during the 2nd quarter. Lincoln National Corp now owns 4,087,949 shares of the company’s stock worth $212,614,000 after buying an additional 4,066,009 shares in the last quarter. Cerity Partners OCIO LLC bought a new position in Schwab U.S. TIPS ETF during the second quarter worth about $130,469,000. Perella Weinberg Partners Capital Management LP bought a new position in Schwab U.S. TIPS ETF during the fourth quarter worth about $103,053,000. Nepc LLC acquired a new position in shares of Schwab U.S. TIPS ETF during the 4th quarter worth about $78,399,000. Finally, Greenline Partners LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at about $45,303,000.

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.