US Bancorp DE Grows Holdings in Schwab U.S. TIPS ETF $SCHP

US Bancorp DE increased its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 18.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,626,859 shares of the company’s stock after buying an additional 258,310 shares during the period. US Bancorp DE owned about 0.33% of Schwab U.S. TIPS ETF worth $43,405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. increased its position in shares of Schwab U.S. TIPS ETF by 115,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,160 shares of the company’s stock worth $31,000 after purchasing an additional 1,159 shares during the last quarter. Mogy Joel R Investment Counsel Inc. bought a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth about $32,000. Abound Wealth Management bought a new stake in shares of Schwab U.S. TIPS ETF in the 1st quarter worth about $36,000. Center for Financial Planning Inc. bought a new stake in shares of Schwab U.S. TIPS ETF in the 1st quarter worth about $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the 1st quarter worth about $41,000.

Schwab U.S. TIPS ETF Price Performance

SCHP opened at $26.89 on Friday. The company has a 50-day moving average of $26.87 and a 200-day moving average of $26.62. Schwab U.S. TIPS ETF has a 1-year low of $25.68 and a 1-year high of $27.19.

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.