Seed Wealth Management Inc. Raises Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Seed Wealth Management Inc. increased its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 13.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 193,755 shares of the company’s stock after purchasing an additional 22,335 shares during the quarter. Schwab U.S. TIPS ETF makes up 4.2% of Seed Wealth Management Inc.’s holdings, making the stock its 3rd largest position. Seed Wealth Management Inc.’s holdings in Schwab U.S. TIPS ETF were worth $5,210,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SCHP. Brighton Jones LLC raised its holdings in Schwab U.S. TIPS ETF by 211.4% in the 4th quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock valued at $541,000 after acquiring an additional 14,212 shares during the period. Allworth Financial LP raised its holdings in Schwab U.S. TIPS ETF by 820.4% in the 4th quarter. Allworth Financial LP now owns 17,976 shares of the company’s stock valued at $466,000 after acquiring an additional 16,023 shares during the period. Strategic Financial Concepts LLC raised its holdings in Schwab U.S. TIPS ETF by 105.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 17,620 shares of the company’s stock valued at $455,000 after acquiring an additional 9,034 shares during the period. J.W. Cole Advisors Inc. raised its holdings in Schwab U.S. TIPS ETF by 111.3% in the 4th quarter. J.W. Cole Advisors Inc. now owns 72,240 shares of the company’s stock valued at $1,866,000 after acquiring an additional 38,052 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Schwab U.S. TIPS ETF by 193.7% in the 4th quarter. Principal Financial Group Inc. now owns 509,968 shares of the company’s stock valued at $13,172,000 after acquiring an additional 336,318 shares during the period.

Schwab U.S. TIPS ETF Price Performance

Schwab U.S. TIPS ETF stock opened at $26.43 on Wednesday. Schwab U.S. TIPS ETF has a twelve month low of $25.68 and a twelve month high of $27.06. The company’s 50-day moving average price is $26.41 and its two-hundred day moving average price is $26.31.

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.