Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Reaches New 1-Year High at $53.65

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) shares hit a new 52-week high on Friday . The stock traded as high as $53.65 and last traded at $53.60, with a volume of 31811 shares trading hands. The stock had previously closed at $53.40.

Schwab U.S. TIPS ETF Stock Up 0.4 %

The company has a fifty day simple moving average of $52.72 and a two-hundred day simple moving average of $52.11.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Lincoln National Corp grew its stake in shares of 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 valued at $212,614,000 after buying an additional 4,066,009 shares during the period. Cerity Partners OCIO LLC purchased a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter valued at $130,469,000. Perella Weinberg Partners Capital Management LP purchased a new stake in shares of Schwab U.S. TIPS ETF during the 4th quarter valued at $103,053,000. Nepc LLC purchased a new stake in shares of Schwab U.S. TIPS ETF during the 4th quarter valued at $78,399,000. Finally, Greenline Partners LLC purchased a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter valued at $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.