Abound Wealth Management Invests $36,000 in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Abound Wealth Management acquired a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,354 shares of the company’s stock, valued at approximately $36,000.

Other hedge funds also recently added to or reduced their stakes in the company. Empower Advisory Group LLC raised its stake in shares of Schwab U.S. TIPS ETF by 116.0% during the fourth quarter. Empower Advisory Group LLC now owns 38,301,085 shares of the company’s stock valued at $989,317,000 after purchasing an additional 20,565,226 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Schwab U.S. TIPS ETF during the 4th quarter valued at about $402,061,000. Sei Investments Co. lifted its holdings in shares of Schwab U.S. TIPS ETF by 108.6% during the 4th quarter. Sei Investments Co. now owns 11,217,087 shares of the company’s stock valued at $289,734,000 after buying an additional 5,840,961 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Schwab U.S. TIPS ETF by 103.8% in the 4th quarter. Voya Investment Management LLC now owns 10,955,163 shares of the company’s stock worth $282,972,000 after purchasing an additional 5,579,336 shares during the last quarter. Finally, Lincoln National Corp lifted its holdings in Schwab U.S. TIPS ETF by 100.2% in the 4th quarter. Lincoln National Corp now owns 8,227,198 shares of the company’s stock worth $212,509,000 after purchasing an additional 4,118,522 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Down 0.2%

Shares of NYSEARCA SCHP opened at $26.29 on Tuesday. The business’s 50 day moving average is $26.41 and its two-hundred day moving average is $26.31. Schwab U.S. TIPS ETF has a 12 month low of $25.68 and a 12 month high of $27.06.

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.