Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sets New 52-Week Low – Here’s Why

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) shares hit a new 52-week low during trading on Monday . The company traded as low as $25.44 and last traded at $25.5050, with a volume of 5135937 shares trading hands. The stock had previously closed at $25.44.

Schwab U.S. TIPS ETF Price Performance

The company’s 50 day moving average is $25.94 and its two-hundred day moving average is $26.40.

Institutional Trading of Schwab U.S. TIPS ETF

Institutional investors have recently modified their holdings of the company. Archer Investment Corp increased its position in shares of Schwab U.S. TIPS ETF by 212.2% during the first quarter. Archer Investment Corp now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 660 shares during the period. Lloyd Advisory Services LLC. bought a new position in Schwab U.S. TIPS ETF in the fourth quarter worth $29,000. TOP Private Wealth LLC. bought a new position in Schwab U.S. TIPS ETF in the second quarter worth $38,000. MidFirst Bank acquired a new stake in Schwab U.S. TIPS ETF during the fourth quarter worth $50,000. Finally, Human Investing LLC acquired a new stake in Schwab U.S. TIPS ETF during the first quarter worth $52,000.

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.