Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Hits New 52-Week High – Here’s What Happened

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $27.04 and last traded at $27.03, with a volume of 927507 shares changing hands. The stock had previously closed at $26.77.

Schwab U.S. TIPS ETF Stock Performance

The stock’s 50 day moving average is $26.43 and its two-hundred day moving average is $26.32.

Institutional Investors Weigh In On Schwab U.S. TIPS ETF

A number of institutional investors have recently made changes to their positions in the stock. Salem Investment Counselors Inc. boosted its stake in Schwab U.S. TIPS ETF by 91.8% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,057 shares of the company’s stock worth $27,000 after acquiring an additional 506 shares during the last quarter. Transcendent Capital Group LLC boosted its position in shares of Schwab U.S. TIPS ETF by 112.1% during the fourth quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock worth $27,000 after purchasing an additional 554 shares in the last quarter. Community Bank N.A. grew its holdings in shares of Schwab U.S. TIPS ETF by 100.0% in the 4th quarter. Community Bank N.A. now owns 1,052 shares of the company’s stock valued at $27,000 after buying an additional 526 shares during the period. Coppell Advisory Solutions LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 246.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,050 shares of the company’s stock valued at $27,000 after buying an additional 747 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its stake in Schwab U.S. TIPS ETF by 100.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 1,128 shares of the company’s stock valued at $29,000 after buying an additional 564 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.