Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sets New 52-Week Low – What’s Next?

Schwab U.S. TIPS ETF (NYSEARCA:SCHP)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $26.14 and last traded at $26.15, with a volume of 2433873 shares trading hands. The stock had previously closed at $26.18.

Schwab U.S. TIPS ETF Trading Down 0.1%

The firm has a fifty day moving average price of $26.47 and a 200 day moving average price of $26.63.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Archer Investment Corp grew its stake in shares of Schwab U.S. TIPS ETF by 212.2% in the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 660 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in shares of Schwab U.S. TIPS ETF during the 4th quarter valued at approximately $29,000. Olistico Wealth LLC acquired a new position in Schwab U.S. TIPS ETF in the fourth quarter valued at approximately $30,000. Ameritas Investment Partners Inc. lifted its holdings in Schwab U.S. TIPS ETF by 83.9% in the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after acquiring an additional 547 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Schwab U.S. TIPS ETF by 69.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after acquiring an additional 541 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.