McAdam LLC lifted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 23.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 304,037 shares of the company’s stock after acquiring an additional 58,181 shares during the quarter. McAdam LLC’s holdings in Schwab U.S. TIPS ETF were worth $8,112,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHP. Northern Trust Corp purchased a new stake in shares of Schwab U.S. TIPS ETF in the fourth quarter valued at $308,000. Wealth Enhancement Advisory Services LLC raised its position in Schwab U.S. TIPS ETF by 33.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,965,014 shares of the company’s stock valued at $52,839,000 after buying an additional 496,070 shares during the period. NBC Securities Inc. raised its position in Schwab U.S. TIPS ETF by 115,900.0% during the first quarter. NBC Securities Inc. now owns 1,160 shares of the company’s stock valued at $31,000 after buying an additional 1,159 shares during the period. CWM LLC lifted its stake in Schwab U.S. TIPS ETF by 20.8% in the 1st quarter. CWM LLC now owns 7,524 shares of the company’s stock worth $202,000 after acquiring an additional 1,294 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in Schwab U.S. TIPS ETF by 33.8% during the 1st quarter. UMB Bank n.a. now owns 31,261 shares of the company’s stock worth $841,000 after acquiring an additional 7,895 shares during the period.
Schwab U.S. TIPS ETF Stock Down 0.1%
NYSEARCA:SCHP opened at $26.96 on Thursday. Schwab U.S. TIPS ETF has a fifty-two week low of $25.68 and a fifty-two week high of $27.19. The stock’s 50-day moving average is $26.81 and its two-hundred day moving average is $26.60.
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.
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