Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sets New 52-Week High at $53.92

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $53.92 and last traded at $53.89, with a volume of 198064 shares traded. The stock had previously closed at $53.63.

Schwab U.S. TIPS ETF Trading Up 0.4 %

The firm’s fifty day moving average is $53.02 and its 200 day moving average is $52.24.

Institutional Trading of Schwab U.S. TIPS ETF

A number of institutional investors have recently bought and sold shares of SCHP. Lincoln National Corp lifted its stake in shares of Schwab U.S. TIPS ETF by 18,532.4% in the 2nd quarter. Lincoln National Corp now owns 4,087,949 shares of the company’s stock valued at $212,614,000 after purchasing an additional 4,066,009 shares during the last quarter. Cerity Partners OCIO LLC bought a new position in Schwab U.S. TIPS ETF during the second quarter valued at about $130,469,000. Nepc LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the fourth quarter worth about $78,399,000. Greenline Partners LLC bought a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth about $45,303,000. Finally, Elm Partners Management LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 53.8% during the 2nd quarter. Elm Partners Management LLC now owns 1,756,878 shares of the company’s stock valued at $91,375,000 after acquiring an additional 614,367 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.