Bauman Advisory Group LLC Invests $1.43 Million in Schwab U.S. TIPS ETF $SCHP

Bauman Advisory Group LLC acquired a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 53,728 shares of the company’s stock, valued at approximately $1,430,000. Schwab U.S. TIPS ETF comprises approximately 1.0% of Bauman Advisory Group LLC’s investment portfolio, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of SCHP. Quadratic Capital Management LLC lifted its position in 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 buying an additional 2,732,156 shares during the last quarter. Cerity Partners LLC increased its position in shares of Schwab U.S. TIPS ETF by 11.2% during the fourth quarter. Cerity Partners LLC now owns 9,291,730 shares of the company’s stock valued at $246,138,000 after acquiring an additional 936,063 shares during the last quarter. Evoke Wealth LLC increased its position in shares of Schwab U.S. TIPS ETF by 16.5% during the fourth quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock valued at $239,272,000 after acquiring an additional 1,281,394 shares during the last quarter. Lincoln National Corp raised its stake in shares of Schwab U.S. TIPS ETF by 180.0% in the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after acquiring an additional 5,726,082 shares during the period. Finally, CENTRAL TRUST Co raised its stake in shares of Schwab U.S. TIPS ETF by 5.5% in the 1st quarter. CENTRAL TRUST Co now owns 8,055,215 shares of the company’s stock valued at $214,349,000 after acquiring an additional 421,678 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock opened at $26.19 on Friday. The firm’s 50 day moving average price is $26.51 and its 200-day moving average price is $26.63. Schwab U.S. TIPS ETF has a one year low of $26.14 and a one year 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.