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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) shares reached a new 52-week low on Wednesday . The company traded as low as $25.78 and last traded at $25.7950, with a volume of 2217816 shares. The stock had previously closed at $25.87.

Schwab U.S. TIPS ETF Stock Down 0.4%

The company has a 50 day moving average of $26.03 and a 200 day moving average of $26.45.

Institutional Trading of Schwab U.S. TIPS ETF

Several large investors have recently added to or reduced their stakes in SCHP. Decker Retirement Planning Inc. raised its position in Schwab U.S. TIPS ETF by 17.3% in the first quarter. Decker Retirement Planning Inc. now owns 143,728 shares of the company’s stock worth $3,825,000 after purchasing an additional 21,239 shares in the last quarter. Peak Financial Management Inc. lifted its stake in Schwab U.S. TIPS ETF by 5.9% during the first quarter. Peak Financial Management Inc. now owns 351,526 shares of the company’s stock worth $9,354,000 after purchasing an additional 19,702 shares during the period. Riverpoint Wealth Management Holdings LLC boosted its holdings in Schwab U.S. TIPS ETF by 19.0% during the fourth quarter. Riverpoint Wealth Management Holdings LLC now owns 241,406 shares of the company’s stock valued at $6,395,000 after purchasing an additional 38,564 shares in the last quarter. Tandemgrowth Financial Advisors LLC acquired a new stake in Schwab U.S. TIPS ETF during the fourth quarter valued at approximately $16,396,000. Finally, Wilian Securities LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the 4th quarter valued at approximately $521,000.

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.