Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Reaches New 1-Year Low – Here’s What Happened

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) reached a new 52-week low during trading on Monday . The stock traded as low as $25.87 and last traded at $25.87, with a volume of 2934119 shares traded. The stock had previously closed at $25.93.

Schwab U.S. TIPS ETF Stock Performance

The company’s 50 day simple moving average is $26.14 and its 200-day simple moving average is $26.52.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCHP. Archer Investment Corp boosted 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 last quarter. Field & Main Bank purchased a new stake in Schwab U.S. TIPS ETF during the 2nd quarter valued at $33,000. Lloyd Advisory Services LLC. bought a new position in shares of Schwab U.S. TIPS ETF during the 4th quarter valued at $29,000. Ameritas Investment Partners Inc. lifted its holdings 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 valued at $32,000 after buying an additional 547 shares during the period. Finally, CIBC Private Wealth Group LLC boosted 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 buying an additional 541 shares during the last quarter.

Schwab U.S. TIPS ETF Company Profile

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.