Compass Financial Management LLC purchased a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 22,966 shares of the company’s stock, valued at approximately $609,000.
Several other institutional investors have also modified their holdings of the business. Archer Investment Corp increased its position in shares of Schwab U.S. TIPS ETF by 212.2% during the first quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 660 shares during the period. Lloyd Advisory Services LLC. purchased a new position in Schwab U.S. TIPS ETF in the fourth quarter valued at $29,000. Ameritas Investment Partners Inc. boosted its holdings 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 valued at $32,000 after purchasing an additional 547 shares during the period. CIBC Private Wealth Group LLC grew its stake in Schwab U.S. TIPS ETF by 69.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after purchasing an additional 541 shares in the last quarter. Finally, LGT Financial Advisors LLC acquired a new position in Schwab U.S. TIPS ETF during the 3rd quarter worth $49,000.
Schwab U.S. TIPS ETF Stock Performance
Shares of NYSEARCA SCHP opened at $25.96 on Monday. The stock’s 50-day moving average is $26.19 and its two-hundred day moving average is $26.54. Schwab U.S. TIPS ETF has a 1-year low of $25.87 and a 1-year high of $27.19.
About Schwab U.S. TIPS ETF
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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