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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP)’s stock price reached a new 52-week low during 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 Performance

The business has a 50-day simple moving average of $26.70 and a 200-day simple moving average of $26.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in Schwab U.S. TIPS ETF by 211.4% during the fourth quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock valued at $541,000 after purchasing an additional 14,212 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Schwab U.S. TIPS ETF by 180.7% during the first quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock worth $2,049,000 after purchasing an additional 49,056 shares in the last quarter. State Street Corp raised its position in shares of Schwab U.S. TIPS ETF by 3.0% during the 2nd quarter. State Street Corp now owns 2,599,691 shares of the company’s stock worth $69,360,000 after purchasing an additional 76,212 shares during the last quarter. Main Street Financial Solutions LLC raised its position in shares of Schwab U.S. TIPS ETF by 25.5% during the 2nd quarter. Main Street Financial Solutions LLC now owns 11,390 shares of the company’s stock worth $304,000 after purchasing an additional 2,312 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Schwab U.S. TIPS ETF by 2.9% in the 2nd quarter. Alliancebernstein L.P. now owns 7,833,720 shares of the company’s stock valued at $209,004,000 after buying an additional 223,281 shares in 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.