First Merchants Corp Makes New Investment in Schwab U.S. TIPS ETF $SCHP

First Merchants Corp purchased a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the 3rd quarter, Holdings Channel reports. The firm purchased 57,242 shares of the company’s stock, valued at approximately $1,438,000.

Several other institutional investors also recently modified their holdings of the stock. Cassady Wealth & Retirement Planning LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 2.2% during the 1st quarter. Cassady Wealth & Retirement Planning LLC now owns 18,461 shares of the company’s stock valued at $496,000 after acquiring an additional 398 shares in the last quarter. Arta Finance Wealth Management LLC grew its position in Schwab U.S. TIPS ETF by 1.8% during the 1st quarter. Arta Finance Wealth Management LLC now owns 27,080 shares of the company’s stock worth $720,000 after acquiring an additional 474 shares during the last quarter. WJ Financial Advisors LLC increased its holdings in Schwab U.S. TIPS ETF by 3.9% in the 1st quarter. WJ Financial Advisors LLC now owns 13,015 shares of the company’s stock worth $346,000 after purchasing an additional 486 shares in the last quarter. Essential Partners LLC increased its holdings in Schwab U.S. TIPS ETF by 1.8% in the 1st quarter. Essential Partners LLC now owns 30,977 shares of the company’s stock worth $824,000 after purchasing an additional 560 shares in the last quarter. Finally, AlphaCentric Advisors LLC increased its holdings in Schwab U.S. TIPS ETF by 13.1% in the 1st quarter. AlphaCentric Advisors LLC now owns 4,948 shares of the company’s stock worth $132,000 after purchasing an additional 575 shares in the last quarter.

Schwab U.S. TIPS ETF Trading Up 0.5%

Schwab U.S. TIPS ETF stock opened at $25.39 on Friday. Schwab U.S. TIPS ETF has a 12 month low of $25.01 and a 12 month high of $27.15. The stock has a 50-day moving average price of $25.61 and a two-hundred day moving average price of $26.20.

Schwab U.S. TIPS ETF Company 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.