Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $25.87 and last traded at $25.87, with a volume of 2934119 shares. The stock had previously closed at $25.93.
Schwab U.S. TIPS ETF Trading Down 0.2%
The company’s 50-day moving average price is $26.14 and its two-hundred day moving average price is $26.52.
Institutional Investors Weigh In On Schwab U.S. TIPS ETF
A number of large investors have recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. increased its position in shares of Schwab U.S. TIPS ETF by 17.3% during the first quarter. Decker Retirement Planning Inc. now owns 143,728 shares of the company’s stock valued at $3,825,000 after acquiring an additional 21,239 shares in the last quarter. Peak Financial Management Inc. lifted its position in Schwab U.S. TIPS ETF by 5.9% in the 1st quarter. Peak Financial Management Inc. now owns 351,526 shares of the company’s stock valued at $9,354,000 after acquiring an additional 19,702 shares in the last quarter. Riverpoint Wealth Management Holdings LLC boosted its stake in Schwab U.S. TIPS ETF by 19.0% during the 4th quarter. Riverpoint Wealth Management Holdings LLC now owns 241,406 shares of the company’s stock valued at $6,395,000 after purchasing an additional 38,564 shares during the last quarter. Tandemgrowth Financial Advisors LLC purchased a new stake in Schwab U.S. TIPS ETF during the 4th quarter valued at $16,396,000. Finally, Greenspring Advisors LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 257.9% in the 4th quarter. Greenspring Advisors LLC now owns 221,688 shares of the company’s stock worth $5,873,000 after purchasing an additional 159,742 shares in 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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