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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $26.40 and last traded at $26.42, with a volume of 3386590 shares trading hands. The stock had previously closed at $26.57.

Schwab U.S. TIPS ETF Stock Down 0.6%

The business has a fifty day moving average of $26.71 and a 200 day moving average of $26.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE lifted its holdings in Schwab U.S. TIPS ETF by 899.8% during the 3rd quarter. US Bancorp DE now owns 16,265,679 shares of the company’s stock worth $438,361,000 after buying an additional 14,638,820 shares during the last quarter. Lincoln National Corp lifted its holdings in Schwab U.S. TIPS ETF by 180.0% during the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock worth $237,038,000 after buying an additional 5,726,082 shares during the last quarter. Adventist Health System Sunbelt Healthcare Corp lifted its holdings in Schwab U.S. TIPS ETF by 29,954.5% during the 3rd quarter. Adventist Health System Sunbelt Healthcare Corp now owns 4,628,695 shares of the company’s stock worth $124,743,000 after buying an additional 4,613,294 shares during the last quarter. Beacon Pointe Advisors LLC lifted its holdings in Schwab U.S. TIPS ETF by 839.0% during the 4th quarter. Beacon Pointe Advisors LLC now owns 3,546,615 shares of the company’s stock worth $93,950,000 after buying an additional 3,168,924 shares during the last quarter. Finally, Nepc LLC lifted its holdings in Schwab U.S. TIPS ETF by 64.9% during the 4th quarter. Nepc LLC now owns 7,572,111 shares of the company’s stock worth $200,585,000 after buying an additional 2,980,022 shares during the last quarter.

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.