Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sets New 12-Month Low – Here’s Why

Schwab U.S. TIPS ETF (NYSEARCA:SCHP)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $26.19 and last traded at $26.20, with a volume of 153484 shares changing hands. The stock had previously closed at $26.23.

Schwab U.S. TIPS ETF Stock Performance

The company has a 50 day moving average price of $26.56 and a 200 day moving average price of $26.64.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Archer Investment Corp raised its stake in shares of Schwab U.S. TIPS ETF by 212.2% during the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after buying an additional 660 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in Schwab U.S. TIPS ETF during the 4th quarter valued at about $29,000. Olistico Wealth LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the 4th quarter worth approximately $30,000. Ameritas Investment Partners Inc. increased its position in Schwab U.S. TIPS ETF by 83.9% during the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after buying an additional 547 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in Schwab U.S. TIPS ETF by 69.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after buying an additional 541 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.