Schwab U.S. TIPS ETF $SCHP Shares Purchased by Zhang Financial LLC

Zhang Financial LLC raised its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,839 shares of the company’s stock after buying an additional 471 shares during the period. Zhang Financial LLC’s holdings in Schwab U.S. TIPS ETF were worth $396,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Empower Advisory Group LLC increased its stake in Schwab U.S. TIPS ETF by 6.2% during the 1st quarter. Empower Advisory Group LLC now owns 40,669,805 shares of the company’s stock valued at $1,093,611,000 after buying an additional 2,368,720 shares during the period. Wealthfront Advisers LLC grew its stake in shares of Schwab U.S. TIPS ETF by 13.3% in the 2nd quarter. Wealthfront Advisers LLC now owns 31,970,077 shares of the company’s stock worth $852,962,000 after purchasing an additional 3,749,147 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Schwab U.S. TIPS ETF by 1,240.8% in the 1st quarter. JPMorgan Chase & Co. now owns 17,556,656 shares of the company’s stock worth $472,102,000 after purchasing an additional 16,247,258 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Schwab U.S. TIPS ETF by 5.4% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 16,401,227 shares of the company’s stock worth $441,029,000 after purchasing an additional 835,548 shares during the last quarter. Finally, Jasper Ridge Partners L.P. grew its stake in shares of Schwab U.S. TIPS ETF by 3.8% in the 1st quarter. Jasper Ridge Partners L.P. now owns 7,808,873 shares of the company’s stock worth $209,981,000 after purchasing an additional 289,378 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.1%

Shares of SCHP opened at $27.11 on Wednesday. The firm’s 50 day moving average is $26.96 and its 200-day moving average is $26.66. Schwab U.S. TIPS ETF has a 12-month low of $25.68 and a 12-month 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.