D.A. Davidson & CO. purchased a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 232,356 shares of the company’s stock, valued at approximately $5,839,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. Lincoln National Corp lifted its position in shares of Schwab U.S. TIPS ETF by 180.0% in the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock worth $237,038,000 after buying an additional 5,726,082 shares during the last quarter. Baldwin Wealth Partners LLC MA acquired a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $39,649,000. Avior Wealth Management LLC bought a new position in Schwab U.S. TIPS ETF during the 3rd quarter worth $27,214,000. Assetmark Inc. increased its position in Schwab U.S. TIPS ETF by 39.1% in the first quarter. Assetmark Inc. now owns 2,687,120 shares of the company’s stock worth $71,504,000 after buying an additional 755,117 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its position in Schwab U.S. TIPS ETF by 47.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 2,090,010 shares of the company’s stock worth $55,385,000 after buying an additional 675,990 shares during the period.
Schwab U.S. TIPS ETF Stock Up 0.3%
SCHP opened at $25.74 on Friday. Schwab U.S. TIPS ETF has a twelve month low of $25.01 and a twelve month high of $26.99. The business’s 50 day moving average is $25.53 and its 200-day moving average is $26.29.
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.
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Want to see what other hedge funds are holding SCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report).
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