Schwab U.S. TIPS ETF $SCHP Shares Bought by Red Tortoise LLC

Red Tortoise LLC boosted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,076 shares of the company’s stock after purchasing an additional 540 shares during the period. Schwab U.S. TIPS ETF comprises approximately 1.6% of Red Tortoise LLC’s holdings, making the stock its 16th largest position. Red Tortoise LLC’s holdings in Schwab U.S. TIPS ETF were worth $3,310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sage Financial Group Inc. grew its position in Schwab U.S. TIPS ETF by 6.8% during the second quarter. Sage Financial Group Inc. now owns 596,547 shares of the company’s stock worth $15,916,000 after buying an additional 37,848 shares during the period. David Wealth Management LLC purchased a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth approximately $256,000. Valpey Financial Services LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $1,769,000. Wealthcare Capital Management LLC increased its stake in Schwab U.S. TIPS ETF by 2.7% in the 2nd quarter. Wealthcare Capital Management LLC now owns 360,659 shares of the company’s stock valued at $9,622,000 after purchasing an additional 9,439 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of Schwab U.S. TIPS ETF by 22.2% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,141,633 shares of the company’s stock worth $30,459,000 after buying an additional 207,058 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA SCHP opened at $26.87 on Monday. The business has a fifty day moving average of $26.85 and a 200-day moving average of $26.62. Schwab U.S. TIPS ETF has a fifty-two week low of $25.68 and a fifty-two 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.