Renaissance Technologies LLC Buys Shares of 474,900 Schwab U.S. TIPS ETF $SCHP

Renaissance Technologies LLC purchased a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 474,900 shares of the company’s stock, valued at approximately $12,637,000. Renaissance Technologies LLC owned 0.08% of Schwab U.S. TIPS ETF at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Fortis Capital Management LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 1.3% in the fourth quarter. Fortis Capital Management LLC now owns 30,765 shares of the company’s stock valued at $815,000 after purchasing an additional 390 shares in the last quarter. Arta Finance Wealth Management LLC increased its stake 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 buying an additional 474 shares during the period. WJ Financial Advisors LLC lifted its holdings in Schwab U.S. TIPS ETF by 3.9% during the 1st quarter. WJ Financial Advisors LLC now owns 13,015 shares of the company’s stock worth $346,000 after buying an additional 486 shares in the last quarter. Vista Capital Partners Inc. lifted its holdings in Schwab U.S. TIPS ETF by 2.8% during the 4th quarter. Vista Capital Partners Inc. now owns 19,104 shares of the company’s stock worth $506,000 after buying an additional 523 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in Schwab U.S. TIPS ETF by 69.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock valued at $35,000 after buying an additional 541 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA:SCHP opened at $26.09 on Friday. The company has a fifty day simple moving average of $26.39 and a two-hundred day simple moving average of $26.60. Schwab U.S. TIPS ETF has a 52 week low of $26.03 and a 52 week high of $27.19.

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.