IFC & Insurance Marketing Inc. boosted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 90.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,274 shares of the company’s stock after acquiring an additional 37,693 shares during the quarter. Schwab U.S. TIPS ETF accounts for approximately 2.2% of IFC & Insurance Marketing Inc.’s investment portfolio, making the stock its 13th biggest holding. IFC & Insurance Marketing Inc.’s holdings in Schwab U.S. TIPS ETF were worth $2,109,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in SCHP. Lloyd Advisory Services LLC. acquired a new position in shares of Schwab U.S. TIPS ETF during the 4th quarter worth about $29,000. Olistico Wealth LLC bought a new position in Schwab U.S. TIPS ETF during the fourth quarter worth about $30,000. Ameritas Investment Partners Inc. grew its holdings in Schwab U.S. TIPS ETF by 83.9% during the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after purchasing an additional 547 shares during the period. CIBC Private Wealth Group LLC grew its holdings in Schwab U.S. TIPS ETF by 69.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after purchasing an additional 541 shares during the period. Finally, AlphaCore Capital LLC increased its position in Schwab U.S. TIPS ETF by 375.9% during the third quarter. AlphaCore Capital LLC now owns 1,561 shares of the company’s stock worth $42,000 after buying an additional 1,233 shares during the last quarter.
Schwab U.S. TIPS ETF Stock Performance
NYSEARCA:SCHP opened at $26.38 on Tuesday. The stock’s 50 day moving average price is $26.69 and its two-hundred day moving average price is $26.67. Schwab U.S. TIPS ETF has a 12-month low of $26.37 and a 12-month high of $27.19.
Schwab U.S. TIPS ETF Company Profile
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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