Schwab U.S. TIPS ETF $SCHP Stock: Summit Global Investments Increases Stake

Summit Global Investments boosted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 381,607 shares of the company’s stock after acquiring an additional 32,245 shares during the period. Schwab U.S. TIPS ETF accounts for 0.5% of Summit Global Investments’ investment portfolio, making the stock its 29th biggest holding. Summit Global Investments owned approximately 0.06% of Schwab U.S. TIPS ETF worth $9,590,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Lincoln National Corp grew its position in shares of Schwab U.S. TIPS ETF by 180.0% in the first quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after purchasing an additional 5,726,082 shares during the last quarter. Baldwin Wealth Partners LLC MA bought a new position in shares of Schwab U.S. TIPS ETF in the third quarter worth about $39,649,000. Avior Wealth Management LLC acquired a new position in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth about $27,214,000. Assetmark Inc. lifted its position in shares of Schwab U.S. TIPS ETF by 39.1% during the 1st quarter. Assetmark Inc. now owns 2,687,120 shares of the company’s stock worth $71,504,000 after purchasing an additional 755,117 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Schwab U.S. TIPS ETF by 47.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 2,090,010 shares of the company’s stock worth $55,385,000 after purchasing an additional 675,990 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP opened at $25.74 on Friday. The business has a 50 day moving average price of $25.53 and a 200 day moving average price of $26.29. Schwab U.S. TIPS ETF has a twelve month low of $25.01 and a twelve month high of $26.99.

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.