Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sets 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 Monday . The stock traded as low as $25.44 and last traded at $25.5050, with a volume of 5135937 shares. The stock had previously closed at $25.44.

Schwab U.S. TIPS ETF Stock Up 0.2%

The firm’s fifty day moving average is $25.94 and its 200 day moving average is $26.40.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SCHP. Archer Investment Corp grew its stake in shares of 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 acquiring an additional 660 shares during the last quarter. Lloyd Advisory Services LLC. bought a new position in Schwab U.S. TIPS ETF during the fourth quarter worth $29,000. TOP Private Wealth LLC. acquired a new position in Schwab U.S. TIPS ETF during the 2nd quarter valued at $38,000. MidFirst Bank acquired a new position in Schwab U.S. TIPS ETF during the 4th quarter valued at $50,000. Finally, Human Investing LLC bought a new stake in Schwab U.S. TIPS ETF in the 1st quarter valued at $52,000.

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.