VCI Wealth Management LLC raised its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 12.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 304,479 shares of the company’s stock after buying an additional 34,442 shares during the quarter. Schwab U.S. TIPS ETF comprises about 2.8% of VCI Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position. VCI Wealth Management LLC owned about 0.06% of Schwab U.S. TIPS ETF worth $8,123,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the stock. Mogy Joel R Investment Counsel Inc. purchased a new stake in shares of Schwab U.S. TIPS ETF in the second quarter valued at $32,000. Center for Financial Planning Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF during the 1st quarter worth about $38,000. Bogart Wealth LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 64.1% during the 2nd quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock worth $38,000 after purchasing an additional 551 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Schwab U.S. TIPS ETF during the first quarter worth about $41,000. Finally, Horizon Bancorp Inc. IN acquired a new position in shares of Schwab U.S. TIPS ETF in the second quarter valued at approximately $43,000.
Schwab U.S. TIPS ETF Stock Performance
Shares of NYSEARCA SCHP opened at $27.05 on Tuesday. Schwab U.S. TIPS ETF has a 1 year low of $25.68 and a 1 year high of $27.19. The firm’s 50 day moving average price is $26.91 and its 200 day moving average price is $26.64.
Schwab U.S. TIPS ETF 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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