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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $25.87 and last traded at $25.88, with a volume of 175607 shares trading hands. The stock had previously closed at $25.88.

Schwab U.S. TIPS ETF Stock Up 0.5%

The company’s fifty day simple moving average is $26.21 and its 200 day simple moving average is $26.55.

Hedge Funds Weigh In On Schwab U.S. TIPS ETF

Institutional investors have recently made changes to their positions in the stock. Archer Investment Corp lifted its holdings 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 acquiring an additional 660 shares during the last quarter. Lloyd Advisory Services LLC. bought a new position in Schwab U.S. TIPS ETF in the fourth quarter valued at $29,000. Ameritas Investment Partners Inc. increased its stake in Schwab U.S. TIPS ETF by 83.9% in the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after acquiring an additional 547 shares during the last quarter. Field & Main Bank purchased a new stake in Schwab U.S. TIPS ETF during the second quarter valued at about $33,000. Finally, CIBC Private Wealth Group LLC raised 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 valued at $35,000 after purchasing 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.