Equity Investment Corp purchased a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 84,500 shares of the company’s stock, valued at approximately $2,123,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of SCHP. Archer Investment Corp grew its holdings in shares of Schwab U.S. TIPS ETF by 212.2% in the first quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after acquiring an additional 660 shares during the period. First Community Trust NA bought a new position in Schwab U.S. TIPS ETF in the third quarter valued at about $25,000. Align Financial LLC bought a new position in Schwab U.S. TIPS ETF in the third quarter valued at about $27,000. TOP Private Wealth LLC. bought a new position in Schwab U.S. TIPS ETF in the second quarter valued at about $38,000. Finally, CX Institutional purchased a new position in Schwab U.S. TIPS ETF in the third quarter worth about $44,000.
Schwab U.S. TIPS ETF Stock Performance
Schwab U.S. TIPS ETF stock opened at $25.36 on Wednesday. The business has a 50-day simple moving average of $25.47 and a two-hundred day simple moving average of $26.26. Schwab U.S. TIPS ETF has a 52-week low of $25.01 and a 52-week high of $26.99.
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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