Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Sets New 12-Month Low – Here’s Why
by Sarita Garza · The Markets DailySchwab U.S. TIPS ETF (NYSEARCA:SCHP – Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as $26.23 and last traded at $26.24, with a volume of 1834142 shares changing hands. The stock had previously closed at $26.30.
Schwab U.S. TIPS ETF Stock Performance
The company has a 50-day simple moving average of $26.61 and a 200-day simple moving average of $26.65.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of SCHP. Quadratic Capital Management LLC grew its stake 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 purchasing an additional 2,732,156 shares during the period. Sei Investments Co. boosted its holdings in Schwab U.S. TIPS ETF by 5.3% during the first quarter. Sei Investments Co. now owns 12,955,292 shares of the company’s stock worth $344,741,000 after buying an additional 646,415 shares in the last quarter. Cerity Partners LLC boosted its holdings in Schwab U.S. TIPS ETF by 11.2% during the fourth quarter. Cerity Partners LLC now owns 9,291,730 shares of the company’s stock worth $246,138,000 after buying an additional 936,063 shares in the last quarter. Evoke Wealth LLC grew its position in Schwab U.S. TIPS ETF by 16.5% during the fourth quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock worth $239,272,000 after buying an additional 1,281,394 shares during the period. Finally, Lincoln National Corp grew its position in Schwab U.S. TIPS ETF by 180.0% during the first quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock worth $237,038,000 after buying an additional 5,726,082 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.