Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Hits New 1-Year Low – Should You Sell?

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

Schwab U.S. TIPS ETF Trading Down 0.2%

The firm has a fifty day moving average price of $26.00 and a 200 day moving average price of $26.44.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lincoln National Corp increased its stake in shares of Schwab U.S. TIPS ETF by 180.0% in the first quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock worth $237,038,000 after buying an additional 5,726,082 shares during the period. Valpey Financial Services LLC grew its holdings in Schwab U.S. TIPS ETF by 2,722.6% in the 4th quarter. Valpey Financial Services LLC now owns 1,970,938 shares of the company’s stock worth $52,210,000 after acquiring an additional 1,901,111 shares during the last quarter. Arax Advisory Partners bought a new stake in Schwab U.S. TIPS ETF in the 4th quarter worth $45,636,000. Elm Partners Management LLC increased its position in shares of Schwab U.S. TIPS ETF by 28.4% in the fourth quarter. Elm Partners Management LLC now owns 7,072,390 shares of the company’s stock valued at $187,348,000 after acquiring an additional 1,565,715 shares during the period. Finally, Evoke Wealth LLC raised its stake in shares of Schwab U.S. TIPS ETF by 16.5% during the fourth quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock valued at $239,272,000 after acquiring an additional 1,281,394 shares during the last quarter.

About Schwab U.S. TIPS ETF

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.