Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Hits New 52-Week Low – Should You Sell?

Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) hit a new 52-week low during mid-day trading 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 Performance

The firm has a 50 day simple moving average of $26.05 and a two-hundred day simple moving average of $26.47.

Institutional Investors Weigh In On Schwab U.S. TIPS ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Archer Investment Corp lifted its holdings in Schwab U.S. TIPS ETF by 212.2% in the first quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 660 shares during the period. Lloyd Advisory Services LLC. bought a new stake in shares of Schwab U.S. TIPS ETF during the 4th quarter worth about $29,000. Ameritas Investment Partners Inc. raised its position in shares of Schwab U.S. TIPS ETF by 83.9% during the 3rd 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. CIBC Private Wealth Group LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 69.8% in the 4th 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 period. Finally, TOP Private Wealth LLC. acquired a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $38,000.

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.