Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Reaches New 12-Month Low – Here’s What Happened

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $25.48 and last traded at $25.5450, with a volume of 18295 shares. The stock had previously closed at $25.59.

Schwab U.S. TIPS ETF Stock Performance

The business’s 50-day moving average is $26.00 and its 200-day moving average is $26.44.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SCHP. Tortoise Investment Management LLC increased its stake in shares of Schwab U.S. TIPS ETF by 5.3% during the second quarter. Tortoise Investment Management LLC now owns 978,659 shares of the company’s stock worth $25,934,000 after buying an additional 48,996 shares during the period. Capital Analysts LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 11.3% in the 2nd quarter. Capital Analysts LLC now owns 486,183 shares of the company’s stock worth $12,884,000 after acquiring an additional 49,391 shares during the period. Summit Financial Strategies Inc. increased its stake in shares of Schwab U.S. TIPS ETF by 0.9% during the second quarter. Summit Financial Strategies Inc. now owns 120,481 shares of the company’s stock worth $3,193,000 after acquiring an additional 1,126 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Schwab U.S. TIPS ETF by 11.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,964,331 shares of the company’s stock valued at $52,055,000 after purchasing an additional 208,846 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in Schwab U.S. TIPS ETF by 62.1% during the 2nd quarter. NewEdge Advisors LLC now owns 125,424 shares of the company’s stock worth $3,324,000 after purchasing an additional 48,065 shares during the period.

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.