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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $26.03 and last traded at $25.92, with a volume of 7175 shares traded. The stock had previously closed at $26.09.

Schwab U.S. TIPS ETF Trading Down 0.7%

The business has a 50-day simple moving average of $26.39 and a two-hundred day simple moving average of $26.60.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Archer Investment Corp boosted 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 buying an additional 660 shares during the period. Lloyd Advisory Services LLC. bought a new position in Schwab U.S. TIPS ETF in the 4th quarter valued at about $29,000. Ameritas Investment Partners Inc. lifted 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 acquiring an additional 547 shares during the last quarter. CIBC Private Wealth Group LLC lifted 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 acquiring an additional 541 shares during the last quarter. Finally, LGT Financial Advisors LLC acquired a new stake in Schwab U.S. TIPS ETF during the third quarter worth approximately $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.