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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $26.25 and last traded at $26.27, with a volume of 155664 shares traded. The stock had previously closed at $26.50.

Schwab U.S. TIPS ETF Stock Performance

The company’s 50-day simple moving average is $26.66 and its 200-day simple moving average is $26.66.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vilga Financial Planning LLC raised its stake in Schwab U.S. TIPS ETF by 190.7% during the 1st 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 grew its stake in shares of Schwab U.S. TIPS ETF by 5.7% in the 1st quarter. NewEdge Advisors LLC now owns 77,359 shares of the company’s stock valued at $2,059,000 after purchasing an additional 4,150 shares during the last quarter. Maripau Wealth Management LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 1.6% in the first quarter. Maripau Wealth Management LLC now owns 76,674 shares of the company’s stock valued at $2,040,000 after purchasing an additional 1,180 shares during the period. Allen Capital Group LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 8.7% in the first 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 period. Finally, Essential Partners LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 1.8% in the first quarter. Essential Partners LLC now owns 30,977 shares of the company’s stock valued at $824,000 after purchasing an additional 560 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.