Pinkerton Wealth LLC Makes New Investment in Schwab U.S. TIPS ETF $SCHP

Pinkerton Wealth LLC purchased a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,938 shares of the company’s stock, valued at approximately $928,000.

A number of other hedge funds also recently bought and sold shares of the company. Ridgewood Investments LLC boosted its stake in Schwab U.S. TIPS ETF by 145.4% during the 3rd quarter. Ridgewood Investments LLC now owns 99,933 shares of the company’s stock valued at $2,511,000 after purchasing an additional 59,216 shares during the period. Armstrong Advisory Group Inc. grew its holdings in Schwab U.S. TIPS ETF by 2.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 3,629,675 shares of the company’s stock valued at $91,214,000 after buying an additional 102,157 shares during the last quarter. Capital Analysts LLC increased its position in Schwab U.S. TIPS ETF by 11.3% in the 2nd quarter. Capital Analysts LLC now owns 486,183 shares of the company’s stock worth $12,884,000 after buying an additional 49,391 shares during the period. Integrated Wealth Concepts LLC increased its position in Schwab U.S. TIPS ETF by 11.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,964,331 shares of the company’s stock worth $52,055,000 after buying an additional 208,846 shares during the period. Finally, Peak Financial Management Inc. increased its position in Schwab U.S. TIPS ETF by 5.9% in the 1st quarter. Peak Financial Management Inc. now owns 351,526 shares of the company’s stock worth $9,354,000 after buying an additional 19,702 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP stock opened at $25.74 on Monday. Schwab U.S. TIPS ETF has a 12 month low of $25.01 and a 12 month high of $26.99. The stock has a 50 day moving average of $25.53 and a 200-day moving average of $26.29.

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.