Summit Global Investments boosted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 9.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 381,607 shares of the company’s stock after purchasing an additional 32,245 shares during the quarter. Schwab U.S. TIPS ETF accounts for approximately 0.5% of Summit Global Investments’ holdings, making the stock its 29th biggest position. Summit Global Investments’ holdings in Schwab U.S. TIPS ETF were worth $9,590,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of SCHP. Ridgewood Investments LLC raised its position in shares of Schwab U.S. TIPS ETF by 145.4% during the third quarter. Ridgewood Investments LLC now owns 99,933 shares of the company’s stock valued at $2,511,000 after buying an additional 59,216 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in shares of Schwab U.S. TIPS ETF by 2.9% in the third quarter. Armstrong Advisory Group Inc. now owns 3,629,675 shares of the company’s stock valued at $91,214,000 after buying an additional 102,157 shares during the period. Capital Analysts LLC lifted its stake in shares of Schwab U.S. TIPS ETF by 11.3% in the second quarter. Capital Analysts LLC now owns 486,183 shares of the company’s stock valued at $12,884,000 after buying an additional 49,391 shares during the period. Integrated Wealth Concepts LLC grew its position in Schwab U.S. TIPS ETF by 11.9% during the second quarter. Integrated Wealth Concepts LLC now owns 1,964,331 shares of the company’s stock worth $52,055,000 after buying an additional 208,846 shares in the last quarter. Finally, Peak Financial Management Inc. grew its position in Schwab U.S. TIPS ETF by 5.9% during the first quarter. Peak Financial Management Inc. now owns 351,526 shares of the company’s stock worth $9,354,000 after buying an additional 19,702 shares in the last quarter.
Schwab U.S. TIPS ETF Stock Performance
Shares of SCHP opened at $25.74 on Friday. Schwab U.S. TIPS ETF has a 12-month low of $25.01 and a 12-month high of $26.99. The stock’s 50-day moving average price is $25.53 and its 200 day moving average price is $26.29.
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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