Principal Securities Inc. boosted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 5.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,582,458 shares of the company’s stock after buying an additional 81,422 shares during the quarter. Principal Securities Inc.’s holdings in Schwab U.S. TIPS ETF were worth $41,919,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Founders Financial Alliance LLC lifted its stake in Schwab U.S. TIPS ETF by 392.8% in the third quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock worth $26,000 after purchasing an additional 766 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in Schwab U.S. TIPS ETF in the fourth quarter worth about $29,000. Olistico Wealth LLC bought a new stake in Schwab U.S. TIPS ETF in the fourth quarter worth about $30,000. Ameritas Investment Partners Inc. lifted its stake in Schwab U.S. TIPS ETF by 83.9% in the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after purchasing an additional 547 shares during the last quarter. Finally, AlphaCore Capital LLC lifted its stake in Schwab U.S. TIPS ETF by 375.9% in the third quarter. AlphaCore Capital LLC now owns 1,561 shares of the company’s stock worth $42,000 after purchasing an additional 1,233 shares during the last quarter.
Schwab U.S. TIPS ETF Price Performance
Shares of NYSEARCA SCHP opened at $26.53 on Friday. Schwab U.S. TIPS ETF has a 1 year low of $26.27 and a 1 year high of $27.19. The firm has a 50-day simple moving average of $26.72 and a two-hundred day simple moving average of $26.69.
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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