28,202 Schwab U.S. TIPS ETF $SCHP Shares Bought by Riverpoint Wealth Management Holdings LLC

Riverpoint Wealth Management Holdings LLC grew its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 329,478 shares of the company’s stock after purchasing an additional 28,202 shares during the period. Schwab U.S. TIPS ETF comprises approximately 1.5% of Riverpoint Wealth Management Holdings LLC’s holdings, making the stock its 14th largest holding. Riverpoint Wealth Management Holdings LLC’s holdings in Schwab U.S. TIPS ETF were worth $8,280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Community Trust NA purchased a new stake in shares of Schwab U.S. TIPS ETF during the third quarter valued at $25,000. Align Financial LLC bought a new position in shares of Schwab U.S. TIPS ETF in the third quarter worth about $27,000. TOP Private Wealth LLC. bought a new position in shares of Schwab U.S. TIPS ETF in the second quarter worth about $38,000. CX Institutional bought a new position in shares of Schwab U.S. TIPS ETF in the third quarter worth about $44,000. Finally, Cohalo Advisory LLC purchased a new position in Schwab U.S. TIPS ETF in the 3rd quarter worth about $48,000.

Schwab U.S. TIPS ETF Trading Down 0.2%

SCHP stock traded down $0.05 during trading on Friday, hitting $25.18. The company had a trading volume of 3,894,574 shares, compared to its average volume of 5,127,618. Schwab U.S. TIPS ETF has a 52-week low of $25.01 and a 52-week high of $26.99. The company has a 50 day simple moving average of $25.43 and a 200-day simple moving average of $26.23.

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.