Lynx Investment Advisory boosted its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 5.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 12,904 shares of the company’s stock after buying an additional 673 shares during the period. Lynx Investment Advisory’s holdings in Schwab U.S. TIPS ETF were worth $344,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in SCHP. JPMorgan Chase & Co. raised its position in Schwab U.S. TIPS ETF by 1,240.8% during the first quarter. JPMorgan Chase & Co. now owns 17,556,656 shares of the company’s stock valued at $472,102,000 after purchasing an additional 16,247,258 shares in the last quarter. Wealthfront Advisers LLC raised its position in Schwab U.S. TIPS ETF by 26.9% during the first quarter. Wealthfront Advisers LLC now owns 28,220,930 shares of the company’s stock valued at $758,861,000 after purchasing an additional 5,986,682 shares in the last quarter. Empower Advisory Group LLC raised its position in Schwab U.S. TIPS ETF by 6.2% during the first quarter. Empower Advisory Group LLC now owns 40,669,805 shares of the company’s stock valued at $1,093,611,000 after purchasing an additional 2,368,720 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Schwab U.S. TIPS ETF during the second quarter valued at about $28,606,000. Finally, Garde Capital Inc. purchased a new stake in Schwab U.S. TIPS ETF during the first quarter valued at about $28,300,000.
Schwab U.S. TIPS ETF Stock Performance
NYSEARCA SCHP opened at $26.95 on Wednesday. The stock’s 50-day simple moving average is $26.83 and its two-hundred day simple moving average is $26.61. Schwab U.S. TIPS ETF has a twelve month low of $25.68 and a twelve month 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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