Goodwin Investment Advisory Buys Shares of 99,826 Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Goodwin Investment Advisory purchased a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 99,826 shares of the company’s stock, valued at approximately $5,211,000. Schwab U.S. TIPS ETF comprises approximately 2.7% of Goodwin Investment Advisory’s portfolio, making the stock its 7th largest position.

Other large investors have also recently made changes to their positions in the company. Alpha Omega Wealth Management LLC boosted its stake in Schwab U.S. TIPS ETF by 1.4% during the 4th quarter. Alpha Omega Wealth Management LLC now owns 64,899 shares of the company’s stock worth $3,388,000 after purchasing an additional 865 shares during the last quarter. Avior Wealth Management LLC raised its holdings in Schwab U.S. TIPS ETF by 9.0% in the 4th quarter. Avior Wealth Management LLC now owns 312,378 shares of the company’s stock valued at $16,306,000 after acquiring an additional 25,664 shares during the last quarter. Allen Capital Group LLC lifted its stake in Schwab U.S. TIPS ETF by 5.1% in the 4th quarter. Allen Capital Group LLC now owns 144,333 shares of the company’s stock worth $7,534,000 after purchasing an additional 6,971 shares in the last quarter. Octavia Wealth Advisors LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 63.7% during the 4th quarter. Octavia Wealth Advisors LLC now owns 10,708 shares of the company’s stock worth $559,000 after purchasing an additional 4,165 shares during the last quarter. Finally, SVB Wealth LLC grew its position in shares of Schwab U.S. TIPS ETF by 15.6% in the fourth quarter. SVB Wealth LLC now owns 116,194 shares of the company’s stock valued at $6,065,000 after purchasing an additional 15,706 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP traded up $0.16 during midday trading on Wednesday, hitting $51.32. The company had a trading volume of 924,837 shares, compared to its average volume of 1,256,488. Schwab U.S. TIPS ETF has a twelve month low of $49.50 and a twelve month high of $53.92. The business’s 50-day simple moving average is $51.76 and its 200-day simple moving average is $51.41.

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.