Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) reached a new 52-week low during trading on Monday. The company traded as low as $25.13 and last traded at $25.13, with a volume of 6379 shares changing hands. The stock had previously closed at $25.27.
Schwab U.S. TIPS ETF Stock Performance
The company’s fifty day moving average is $25.82 and its 200-day moving average is $26.32.
Hedge Funds Weigh In On Schwab U.S. TIPS ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cassady Wealth & Retirement Planning LLC raised its stake in Schwab U.S. TIPS ETF by 2.2% in the 1st quarter. Cassady Wealth & Retirement Planning LLC now owns 18,461 shares of the company’s stock worth $496,000 after acquiring an additional 398 shares during the last quarter. Arta Finance Wealth Management LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 1.8% in the first quarter. Arta Finance Wealth Management LLC now owns 27,080 shares of the company’s stock valued at $720,000 after purchasing an additional 474 shares during the period. WJ Financial Advisors LLC raised its stake in shares of Schwab U.S. TIPS ETF by 3.9% in the first quarter. WJ Financial Advisors LLC now owns 13,015 shares of the company’s stock worth $346,000 after purchasing an additional 486 shares during the last quarter. Essential Partners LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 1.8% during the first quarter. Essential Partners LLC now owns 30,977 shares of the company’s stock worth $824,000 after purchasing an additional 560 shares during the period. Finally, AlphaCentric Advisors LLC boosted its position in Schwab U.S. TIPS ETF by 13.1% in the first quarter. AlphaCentric Advisors LLC now owns 4,948 shares of the company’s stock valued at $132,000 after buying an additional 575 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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