Hughes Financial Services LLC acquired a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 298,558 shares of the company’s stock, valued at approximately $7,664,000. Schwab U.S. TIPS ETF makes up 1.0% of Hughes Financial Services LLC’s portfolio, making the stock its 17th biggest position.
Other large investors have also made changes to their positions in the company. Ridgewood Investments LLC grew its holdings 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 worth $2,511,000 after buying an additional 59,216 shares in the last quarter. Capital Analysts LLC raised its position 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 last quarter. Armstrong Advisory Group Inc. raised its position 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 last quarter. Integrated Wealth Concepts LLC raised its position in shares of Schwab U.S. TIPS ETF by 11.9% in the second quarter. Integrated Wealth Concepts LLC now owns 1,964,331 shares of the company’s stock valued at $52,055,000 after buying an additional 208,846 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Schwab U.S. TIPS ETF by 5.0% during the second quarter. Envestnet Asset Management Inc. now owns 6,295,573 shares of the company’s stock valued at $166,833,000 after buying an additional 300,734 shares during the period.
Schwab U.S. TIPS ETF Price Performance
Shares of SCHP opened at $25.55 on Wednesday. Schwab U.S. TIPS ETF has a 1 year low of $25.01 and a 1 year high of $26.99. The company’s 50 day simple moving average is $25.52 and its 200 day simple moving average is $26.28.
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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