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

Schwab U.S. TIPS ETF (NYSEARCA:SCHP)’s share price reached a new 52-week low on Monday . The stock traded as low as $26.19 and last traded at $26.20, with a volume of 153484 shares trading hands. The stock had previously closed at $26.23.

Schwab U.S. TIPS ETF Stock Up 0.1%

The business has a fifty day moving average of $26.54 and a 200-day moving average of $26.64.

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

Several hedge funds have recently made changes to their positions in the company. Quadratic Capital Management LLC grew its position in shares of Schwab U.S. TIPS ETF by 23.2% during the 4th quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock worth $384,084,000 after buying an additional 2,732,156 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Schwab U.S. TIPS ETF by 5.3% in the first quarter. Sei Investments Co. now owns 12,955,292 shares of the company’s stock valued at $344,741,000 after acquiring an additional 646,415 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 11.2% in the fourth quarter. Cerity Partners LLC now owns 9,291,730 shares of the company’s stock valued at $246,138,000 after acquiring an additional 936,063 shares in the last quarter. Evoke Wealth LLC lifted its stake in Schwab U.S. TIPS ETF by 16.5% in the fourth quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock worth $239,272,000 after acquiring an additional 1,281,394 shares during the period. Finally, Lincoln National Corp grew its holdings in Schwab U.S. TIPS ETF by 180.0% during the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock worth $237,038,000 after acquiring an additional 5,726,082 shares in 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.