Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Hits New 12-Month Low – Time to Sell?

Schwab U.S. TIPS ETF (NYSEARCA:SCHP) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.87 and last traded at $25.88, with a volume of 175607 shares. The stock had previously closed at $25.88.

Schwab U.S. TIPS ETF Stock Up 0.1%

The company’s fifty day moving average price is $26.23 and its 200 day moving average price is $26.55.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Compass Financial Management LLC purchased a new position in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $609,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Schwab U.S. TIPS ETF during the second quarter valued at approximately $3,902,000. City Holding Co. bought a new stake in Schwab U.S. TIPS ETF during the second quarter worth $122,000. Carolina Wealth Advisors LLC lifted its holdings in Schwab U.S. TIPS ETF by 1.4% during the second quarter. Carolina Wealth Advisors LLC now owns 472,871 shares of the company’s stock worth $12,531,000 after acquiring an additional 6,530 shares during the period. Finally, FC Advisory LLC lifted its holdings in Schwab U.S. TIPS ETF by 2.7% during the second quarter. FC Advisory LLC now owns 339,902 shares of the company’s stock worth $9,007,000 after acquiring an additional 8,964 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.