Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Hits New 12-Month Low – Should You Sell?

Schwab U.S. TIPS ETF (NYSEARCA:SCHP)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $26.23 and last traded at $26.24, with a volume of 1834142 shares traded. The stock had previously closed at $26.30.

Schwab U.S. TIPS ETF Stock Up 0.1%

The stock has a 50 day moving average price of $26.59 and a two-hundred day moving average price of $26.65.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Archer Investment Corp increased its stake in Schwab U.S. TIPS ETF by 212.2% during 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. purchased a new stake in Schwab U.S. TIPS ETF during the 4th quarter worth approximately $29,000. Olistico Wealth LLC purchased a new stake in Schwab U.S. TIPS ETF during the 4th quarter worth approximately $30,000. Ameritas Investment Partners Inc. lifted its holdings in 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. Finally, CIBC Private Wealth Group LLC lifted its holdings in Schwab U.S. TIPS ETF by 69.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after buying an additional 541 shares in 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.