Councilor Wealth LLC acquired a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) in the third quarter, Holdings Channel reports. The fund acquired 75,588 shares of the company’s stock, valued at approximately $1,900,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHP. Lincoln National Corp grew its holdings in shares of Schwab U.S. TIPS ETF by 180.0% in the first 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 in the last quarter. Arax Advisory Partners purchased a new position in Schwab U.S. TIPS ETF in the fourth quarter worth $45,636,000. Pictet Asset Management Holding SA boosted its position in Schwab U.S. TIPS ETF by 1,764.9% in the first quarter. Pictet Asset Management Holding SA now owns 1,267,000 shares of the company’s stock worth $33,715,000 after purchasing an additional 1,199,060 shares during the last quarter. Adventist Health System Sunbelt Healthcare Corp grew its stake in Schwab U.S. TIPS ETF by 24.8% in the 4th quarter. Adventist Health System Sunbelt Healthcare Corp now owns 5,778,695 shares of the company’s stock valued at $153,078,000 after purchasing an additional 1,150,000 shares during the period. Finally, Assetmark Inc. grew its stake in Schwab U.S. TIPS ETF by 39.1% in the 1st quarter. Assetmark Inc. now owns 2,687,120 shares of the company’s stock valued at $71,504,000 after purchasing an additional 755,117 shares during the period.
Schwab U.S. TIPS ETF Stock Down 0.1%
Shares of Schwab U.S. TIPS ETF stock opened at $25.18 on Friday. Schwab U.S. TIPS ETF has a 1 year low of $25.01 and a 1 year high of $27.15. The stock has a fifty day moving average price of $25.66 and a 200-day moving average price of $26.23.
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.
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