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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $26.37 and last traded at $26.38, with a volume of 3804422 shares changing hands. The stock had previously closed at $26.49.

Schwab U.S. TIPS ETF Price Performance

The firm has a 50 day moving average price of $26.69 and a 200 day moving average price of $26.67.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCHP. Brighton Jones LLC raised its position in shares of Schwab U.S. TIPS ETF by 211.4% during the 4th 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 during the period. AQR Capital Management LLC boosted its holdings in Schwab U.S. TIPS ETF by 180.7% in the 1st quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock worth $2,049,000 after buying an additional 49,056 shares during the period. State Street Corp increased its stake in Schwab U.S. TIPS ETF by 3.0% in the 2nd quarter. State Street Corp now owns 2,599,691 shares of the company’s stock worth $69,360,000 after buying an additional 76,212 shares in the last quarter. Main Street Financial Solutions LLC increased its stake in Schwab U.S. TIPS ETF by 25.5% in the 2nd quarter. Main Street Financial Solutions LLC now owns 11,390 shares of the company’s stock worth $304,000 after buying an additional 2,312 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Schwab U.S. TIPS ETF by 2.9% during the second quarter. Alliancebernstein L.P. now owns 7,833,720 shares of the company’s stock valued at $209,004,000 after acquiring an additional 223,281 shares during the period.

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.