Schwab U.S. TIPS ETF $SCHP Shares Purchased by Summit Global Investments

Summit Global Investments boosted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 1,886.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,298 shares of the company’s stock after purchasing an additional 306,077 shares during the period. Schwab U.S. TIPS ETF makes up 0.5% of Summit Global Investments’ holdings, making the stock its 24th biggest holding. Summit Global Investments owned 0.06% of Schwab U.S. TIPS ETF worth $8,576,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SCHP. Archer Investment Corp grew its stake in shares of Schwab U.S. TIPS ETF by 212.2% in the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock valued at $26,000 after buying an additional 660 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in shares of Schwab U.S. TIPS ETF during the 4th quarter valued at approximately $29,000. Olistico Wealth LLC purchased a new stake in shares of Schwab U.S. TIPS ETF during the 4th quarter valued at approximately $30,000. Ameritas Investment Partners Inc. raised its position in shares of Schwab U.S. TIPS ETF by 83.9% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after buying an additional 547 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in Schwab U.S. TIPS ETF by 69.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock valued at $35,000 after acquiring an additional 541 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Down 0.2%

Shares of Schwab U.S. TIPS ETF stock opened at $26.21 on Tuesday. Schwab U.S. TIPS ETF has a fifty-two week low of $26.14 and a fifty-two week high of $27.19. The stock has a 50 day moving average of $26.49 and a 200 day moving average of $26.63.

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.