Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sets New 1-Year Low – What’s Next?

Schwab U.S. TIPS ETF (NYSEARCA:SCHP)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $26.37 and last traded at $26.38, with a volume of 3804422 shares traded. The stock had previously closed at $26.49.

Schwab U.S. TIPS ETF Stock Performance

The firm has a 50 day simple moving average of $26.68 and a 200-day simple moving average of $26.67.

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

Hedge funds have recently modified their holdings of the business. Vilga Financial Planning LLC raised its holdings in Schwab U.S. TIPS ETF by 190.7% in the 1st quarter. Vilga Financial Planning LLC now owns 225,316 shares of the company’s stock valued at $5,996,000 after buying an additional 147,808 shares during the period. NewEdge Advisors LLC boosted its stake in Schwab U.S. TIPS ETF by 5.7% during the first quarter. NewEdge Advisors LLC now owns 77,359 shares of the company’s stock worth $2,059,000 after buying an additional 4,150 shares during the period. Maripau Wealth Management LLC increased its position in shares of Schwab U.S. TIPS ETF by 1.6% during the first quarter. Maripau Wealth Management LLC now owns 76,674 shares of the company’s stock valued at $2,040,000 after acquiring an additional 1,180 shares during the last quarter. Allen Capital Group LLC increased its position in shares of Schwab U.S. TIPS ETF by 8.7% during the first quarter. Allen Capital Group LLC now owns 633,703 shares of the company’s stock valued at $16,863,000 after acquiring an additional 50,834 shares during the last quarter. Finally, Essential Partners LLC raised its stake in shares of Schwab U.S. TIPS ETF by 1.8% in the 1st quarter. Essential Partners LLC now owns 30,977 shares of the company’s stock valued at $824,000 after acquiring an additional 560 shares during the period.

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.