Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Hits New 12-Month Low – What’s Next?

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) shares reached a new 52-week low on Tuesday . The company traded as low as $26.04 and last traded at $26.05, with a volume of 4278510 shares traded. The stock had previously closed at $26.09.

Schwab U.S. TIPS ETF Stock Down 0.2%

The stock’s 50 day simple moving average is $26.42 and its two-hundred day simple moving average is $26.62.

Institutional Trading of Schwab U.S. TIPS ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Archer Investment Corp boosted its position 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 valued at $26,000 after acquiring an additional 660 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in Schwab U.S. TIPS ETF during the fourth quarter worth about $29,000. Ameritas Investment Partners Inc. raised its stake 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 purchasing an additional 547 shares during the period. CIBC Private Wealth Group LLC raised its stake 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 purchasing an additional 541 shares during the period. Finally, LGT Financial Advisors LLC acquired a new position in Schwab U.S. TIPS ETF in the 3rd quarter valued at about $49,000.

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.