Schwab U.S. TIPS ETF $SCHP Shares Bought by Brookstone Capital Management

Brookstone Capital Management raised its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 8.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,711 shares of the company’s stock after buying an additional 1,447 shares during the period. Brookstone Capital Management’s holdings in Schwab U.S. TIPS ETF were worth $473,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Empower Advisory Group LLC boosted its holdings in Schwab U.S. TIPS ETF by 6.2% in the 1st quarter. Empower Advisory Group LLC now owns 40,669,805 shares of the company’s stock worth $1,093,611,000 after buying an additional 2,368,720 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 26.9% during the 1st quarter. Wealthfront Advisers LLC now owns 28,220,930 shares of the company’s stock worth $758,861,000 after purchasing an additional 5,986,682 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Schwab U.S. TIPS ETF by 1,240.8% during the 1st quarter. JPMorgan Chase & Co. now owns 17,556,656 shares of the company’s stock worth $472,102,000 after purchasing an additional 16,247,258 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Schwab U.S. TIPS ETF by 5.4% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 16,401,227 shares of the company’s stock worth $441,029,000 after purchasing an additional 835,548 shares during the last quarter. Finally, Jasper Ridge Partners L.P. boosted its holdings in shares of Schwab U.S. TIPS ETF by 3.8% during the 1st quarter. Jasper Ridge Partners L.P. now owns 7,808,873 shares of the company’s stock worth $209,981,000 after purchasing an additional 289,378 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of Schwab U.S. TIPS ETF stock opened at $27.08 on Tuesday. The stock’s 50 day simple moving average is $26.96 and its 200-day simple moving average is $26.66. Schwab U.S. TIPS ETF has a 1-year low of $25.68 and a 1-year 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.