Keener Financial Planning LLC Acquires New Stake in Schwab U.S. TIPS ETF $SCHP

Keener Financial Planning LLC bought a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 19,980 shares of the company’s stock, valued at approximately $531,000. Schwab U.S. TIPS ETF comprises approximately 0.2% of Keener Financial Planning LLC’s portfolio, making the stock its 29th largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Beacon Pointe Advisors LLC grew its position in Schwab U.S. TIPS ETF by 839.0% in the 4th quarter. Beacon Pointe Advisors LLC now owns 3,546,615 shares of the company’s stock valued at $93,950,000 after acquiring an additional 3,168,924 shares in the last quarter. Nepc LLC lifted its position in shares of Schwab U.S. TIPS ETF by 64.9% during the fourth quarter. Nepc LLC now owns 7,572,111 shares of the company’s stock worth $200,585,000 after purchasing an additional 2,980,022 shares in the last quarter. Quadratic Capital Management LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 23.2% in the fourth quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock valued at $384,084,000 after purchasing an additional 2,732,156 shares during the period. Valpey Financial Services LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 2,722.6% in the fourth quarter. Valpey Financial Services LLC now owns 1,970,938 shares of the company’s stock valued at $52,210,000 after purchasing an additional 1,901,111 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Schwab U.S. TIPS ETF by 591.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 2,198,822 shares of the company’s stock valued at $59,258,000 after purchasing an additional 1,880,726 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock remained flat at $26.23 during trading on Friday. 3,624,867 shares of the company were exchanged, compared to its average volume of 4,440,845. Schwab U.S. TIPS ETF has a 52-week low of $26.19 and a 52-week high of $27.19. The company has a fifty day simple moving average of $26.56 and a 200-day simple moving average of $26.64.

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.