120,489 Shares in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Acquired by FSA Investment Group LLC

FSA Investment Group LLC purchased a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 120,489 shares of the company’s stock, valued at approximately $3,100,000. Schwab U.S. TIPS ETF accounts for approximately 2.7% of FSA Investment Group LLC’s holdings, making the stock its 4th biggest holding. FSA Investment Group LLC owned 0.06% of Schwab U.S. TIPS ETF at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SCHP. Renaissance Technologies LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the second quarter valued at about $943,000. NewEdge Advisors LLC increased its stake in shares of Schwab U.S. TIPS ETF by 47.5% during the 2nd quarter. NewEdge Advisors LLC now owns 46,833 shares of the company’s stock worth $2,436,000 after purchasing an additional 15,089 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at about $203,000. Cetera Investment Advisers grew its holdings in Schwab U.S. TIPS ETF by 11.9% during the second quarter. Cetera Investment Advisers now owns 356,016 shares of the company’s stock worth $18,516,000 after purchasing an additional 37,826 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Schwab U.S. TIPS ETF during the second quarter worth approximately $6,904,000.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA:SCHP opened at $26.13 on Friday. Schwab U.S. TIPS ETF has a 12-month low of $25.46 and a 12-month high of $26.96. The stock’s 50 day moving average price is $26.03 and its two-hundred day moving average price is $26.30.

Schwab U.S. TIPS ETF 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.