Tortoise Investment Management LLC grew its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 20.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 771,988 shares of the company’s stock after purchasing an additional 129,870 shares during the period. Schwab U.S. TIPS ETF makes up about 2.0% of Tortoise Investment Management LLC’s holdings, making the stock its 7th biggest position. Tortoise Investment Management LLC owned about 0.16% of Schwab U.S. TIPS ETF worth $20,597,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of SCHP. Mogy Joel R Investment Counsel Inc. bought a new stake in Schwab U.S. TIPS ETF during the 2nd quarter valued at $32,000. Bessemer Group Inc. bought a new position in shares of Schwab U.S. TIPS ETF in the second quarter worth $32,000. Hantz Financial Services Inc. purchased a new position in shares of Schwab U.S. TIPS ETF in the second quarter valued at $35,000. Bogart Wealth LLC grew its position in shares of Schwab U.S. TIPS ETF by 64.1% in the second quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock valued at $38,000 after purchasing an additional 551 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Schwab U.S. TIPS ETF during the 1st quarter valued at $41,000.
Schwab U.S. TIPS ETF Price Performance
Shares of SCHP opened at $26.80 on Friday. Schwab U.S. TIPS ETF has a 52-week low of $25.68 and a 52-week high of $27.19. The stock’s 50-day simple moving average is $26.97 and its 200 day simple moving average is $26.70.
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.
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