Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sets New 12-Month Low – Here’s Why

Schwab U.S. TIPS ETF (NYSEARCA:SCHP)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $26.23 and last traded at $26.24, with a volume of 1834142 shares traded. The stock had previously closed at $26.30.

Schwab U.S. TIPS ETF Stock Down 0.2%

The firm has a 50 day moving average of $26.61 and a two-hundred day moving average of $26.65.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bulwark Capital Corp increased its position in Schwab U.S. TIPS ETF by 13.7% during the second quarter. Bulwark Capital Corp now owns 334,258 shares of the company’s stock worth $8,858,000 after buying an additional 40,212 shares in the last quarter. Vilga Financial Planning LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 190.7% during the first quarter. Vilga Financial Planning LLC now owns 225,316 shares of the company’s stock valued at $5,996,000 after acquiring an additional 147,808 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 5.7% during the first quarter. NewEdge Advisors LLC now owns 77,359 shares of the company’s stock valued at $2,059,000 after acquiring an additional 4,150 shares during the last quarter. Maripau Wealth Management LLC increased its position in Schwab U.S. TIPS ETF by 1.6% during the 1st quarter. Maripau Wealth Management LLC now owns 76,674 shares of the company’s stock worth $2,040,000 after purchasing an additional 1,180 shares in the last quarter. Finally, Allen Capital Group LLC raised its stake in Schwab U.S. TIPS ETF by 8.7% in the 1st quarter. Allen Capital Group LLC now owns 633,703 shares of the company’s stock valued at $16,863,000 after purchasing an additional 50,834 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.