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

Schwab U.S. TIPS ETF (NYSEARCA:SCHPGet Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $26.25 and last traded at $26.27, with a volume of 155664 shares traded. The stock had previously closed at $26.50.

Schwab U.S. TIPS ETF Price Performance

The company’s 50-day moving average price is $26.64 and its 200 day moving average price is $26.66.

Institutional Trading of Schwab U.S. TIPS ETF

Several large investors have recently bought and sold shares of the company. BlueSky Wealth Advisors LLC lifted its position in Schwab U.S. TIPS ETF by 8.1% during the fourth quarter. BlueSky Wealth Advisors LLC now owns 1,499,610 shares of the company’s stock valued at $39,725,000 after buying an additional 112,608 shares during the period. Farther Finance Advisors LLC grew its position in shares of Schwab U.S. TIPS ETF by 606.7% in the 4th quarter. Farther Finance Advisors LLC now owns 190,389 shares of the company’s stock worth $5,043,000 after buying an additional 163,447 shares during the period. Avior Wealth Management LLC grew its position in shares of Schwab U.S. TIPS ETF by 8.8% in the 4th quarter. Avior Wealth Management LLC now owns 914,332 shares of the company’s stock worth $24,221,000 after buying an additional 73,692 shares during the period. Dorato Capital Management bought a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter worth about $6,700,000. Finally, Maripau Wealth Management LLC increased its stake in shares of Schwab U.S. TIPS ETF by 224.6% in the 3rd quarter. Maripau Wealth Management LLC now owns 66,233 shares of the company’s stock worth $1,785,000 after acquiring an additional 45,826 shares in the last quarter.

About Schwab U.S. TIPS ETF

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Schwab U.S. TIPS ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab U.S. TIPS ETF and related companies with MarketBeat.com's FREE daily email newsletter.