Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Hits New 12-Month Low – What’s Next?

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) hit a new 52-week low on Monday . The company traded as low as $26.03 and last traded at $25.92, with a volume of 7175 shares. The stock had previously closed at $26.09.

Schwab U.S. TIPS ETF Stock Up 0.2%

The firm has a fifty day moving average price of $26.35 and a 200-day moving average price of $26.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fortis Capital Management LLC increased its position in shares of Schwab U.S. TIPS ETF by 1.3% during the 4th quarter. Fortis Capital Management LLC now owns 30,765 shares of the company’s stock valued at $815,000 after purchasing an additional 390 shares during the last quarter. Cassady Wealth & Retirement Planning LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 2.2% in the 1st quarter. Cassady Wealth & Retirement Planning LLC now owns 18,461 shares of the company’s stock worth $496,000 after buying an additional 398 shares during the last quarter. Arta Finance Wealth Management LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 1.8% in the 1st quarter. Arta Finance Wealth Management LLC now owns 27,080 shares of the company’s stock worth $720,000 after buying an additional 474 shares during the last quarter. WJ Financial Advisors LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 3.9% in the 1st quarter. WJ Financial Advisors LLC now owns 13,015 shares of the company’s stock worth $346,000 after buying an additional 486 shares during the last quarter. Finally, Vista Capital Partners Inc. grew its position in Schwab U.S. TIPS ETF by 2.8% during the fourth quarter. Vista Capital Partners Inc. now owns 19,104 shares of the company’s stock valued at $506,000 after buying an additional 523 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.