Envestnet Asset Management Inc. lifted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,801,252 shares of the company’s stock after purchasing an additional 62,079 shares during the period. Envestnet Asset Management Inc. owned 0.97% of Schwab U.S. TIPS ETF worth $128,097,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Mogy Joel R Investment Counsel Inc. acquired a new position in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth about $32,000. Bogart Wealth LLC increased 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 bought a new stake in shares of Schwab U.S. TIPS ETF during the 1st quarter worth about $41,000. Horizon Bancorp Inc. IN bought a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth about $43,000. Finally, Whipplewood Advisors LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 12,871.4% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,816 shares of the company’s stock worth $48,000 after buying an additional 1,802 shares during the period.
Schwab U.S. TIPS ETF Stock Up 0.1%
Shares of SCHP stock opened at $27.11 on Wednesday. The company has a 50-day simple moving average of $26.96 and a 200 day simple moving average of $26.66. Schwab U.S. TIPS ETF has a 52 week low of $25.68 and a 52 week 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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