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

Schwab U.S. TIPS ETF (NYSEARCA:SCHPGet Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as $26.04 and last traded at $26.05, with a volume of 4278510 shares traded. The stock had previously closed at $26.09.

Schwab U.S. TIPS ETF Stock Performance

The company’s 50-day simple moving average is $26.41 and its 200 day simple moving average is $26.61.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCHP. Fortis Capital Management LLC raised its position in Schwab U.S. TIPS ETF by 1.3% during the fourth quarter. Fortis Capital Management LLC now owns 30,765 shares of the company’s stock valued at $815,000 after purchasing an additional 390 shares during the period. Cassady Wealth & Retirement Planning LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 2.2% in the 1st quarter. Cassady Wealth & Retirement Planning LLC now owns 18,461 shares of the company’s stock worth $496,000 after purchasing an additional 398 shares during the period. Arta Finance Wealth Management LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 1.8% in the 1st quarter. Arta Finance Wealth Management LLC now owns 27,080 shares of the company’s stock worth $720,000 after purchasing an additional 474 shares during the period. WJ Financial Advisors LLC increased its position in shares of Schwab U.S. TIPS ETF by 3.9% during the 1st quarter. WJ Financial Advisors LLC now owns 13,015 shares of the company’s stock valued at $346,000 after purchasing an additional 486 shares during the last quarter. Finally, Vista Capital Partners Inc. raised its holdings in Schwab U.S. TIPS ETF by 2.8% during the 4th quarter. Vista Capital Partners Inc. now owns 19,104 shares of the company’s stock valued at $506,000 after buying an additional 523 shares during the period.

Schwab U.S. TIPS ETF Company Profile

(Get Free Report)

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.

Further Reading

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