Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $25.78 and last traded at $25.7950, with a volume of 2217816 shares trading hands. The stock had previously closed at $25.87.
Schwab U.S. TIPS ETF Trading Down 0.2%
The company has a fifty day moving average price of $26.05 and a 200 day moving average price of $26.47.
Institutional Investors Weigh In On Schwab U.S. TIPS ETF
Large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 211.4% in the 4th quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock worth $541,000 after acquiring an additional 14,212 shares during the period. AQR Capital Management LLC grew its position in Schwab U.S. TIPS ETF by 180.7% in the 1st quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock worth $2,049,000 after purchasing an additional 49,056 shares during the last quarter. State Street Corp grew its position in Schwab U.S. TIPS ETF by 3.0% in the 2nd quarter. State Street Corp now owns 2,599,691 shares of the company’s stock worth $69,360,000 after purchasing an additional 76,212 shares during the last quarter. Main Street Financial Solutions LLC increased its stake in shares of Schwab U.S. TIPS ETF by 25.5% in the second quarter. Main Street Financial Solutions LLC now owns 11,390 shares of the company’s stock valued at $304,000 after purchasing an additional 2,312 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Schwab U.S. TIPS ETF by 2.9% in the second quarter. Alliancebernstein L.P. now owns 7,833,720 shares of the company’s stock valued at $209,004,000 after purchasing an additional 223,281 shares during the period.
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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