For investors looking for momentum, Schwab U.S. TIPS ETF (SCHP Quick QuoteSCHP - Free Report) is probably a suitable pick. The fund just hit a 52-week high and is up 4.6% from its 52-week low price of $60.31/share.

Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:

SCHP in Focus

The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index composed of inflation-protected U.S. Treasury securities. It has AUM of $18.32 billion and charges 5 basis points in annual fees.

Why the Move?

The TIPS segment of the broad U.S. stock market has been an area to watch lately given the rising inflationary expectations. U.S. consumer prices climbed the highest in June hitting a fresh high since August of 2008. Inflation is expected to rise further amid the recovering U.S. economy, accelerated vaccination drive and fiscal stimulus support.

More Gains Ahead?

It seems like the fund will remain strong, with a positive weighted alpha of 4.36, which gives cues of further rally.

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