Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Hits New 52-Week Low – Here’s What Happened

Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $26.40 and last traded at $26.42, with a volume of 3386590 shares trading hands. The stock had previously closed at $26.57.

Schwab U.S. TIPS ETF Stock Down 0.6%

The business has a 50 day moving average price of $26.71 and a 200-day moving average price of $26.68.

Institutional Investors Weigh In On Schwab U.S. TIPS ETF

Large investors have recently modified their holdings of the stock. Founders Financial Alliance LLC grew its stake in shares of Schwab U.S. TIPS ETF by 392.8% in the third quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock valued at $26,000 after buying an additional 766 shares in the last quarter. 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 valued at $26,000 after buying an additional 660 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Schwab U.S. TIPS ETF in the fourth quarter valued at about $29,000. Olistico Wealth LLC purchased a new position in Schwab U.S. TIPS ETF in the fourth quarter valued at about $30,000. Finally, Ameritas Investment Partners Inc. boosted 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 purchasing an additional 547 shares during the last quarter.

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.