Joseph Group Capital Management boosted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 6.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,111,932 shares of the company’s stock after purchasing an additional 66,380 shares during the period. Schwab U.S. TIPS ETF comprises approximately 5.0% of Joseph Group Capital Management’s investment portfolio, making the stock its 5th largest position. Joseph Group Capital Management’s holdings in Schwab U.S. TIPS ETF were worth $27,943,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. First Community Trust NA bought a new position in shares of Schwab U.S. TIPS ETF during the 3rd quarter valued at $25,000. Archer Investment Corp raised its position in Schwab U.S. TIPS ETF by 212.2% in the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 660 shares during the period. Align Financial LLC bought a new stake in Schwab U.S. TIPS ETF in the third quarter worth $27,000. TOP Private Wealth LLC. bought a new stake in Schwab U.S. TIPS ETF in the second quarter worth $38,000. Finally, CX Institutional bought a new stake in Schwab U.S. TIPS ETF in the third quarter worth $44,000.
Schwab U.S. TIPS ETF Stock Down 0.2%
Shares of NYSEARCA:SCHP opened at $25.54 on Tuesday. The stock’s 50-day moving average price is $25.48 and its 200-day moving average price is $26.26. Schwab U.S. TIPS ETF has a 12-month low of $25.01 and a 12-month high of $26.99.
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.
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Want to see what other hedge funds are holding SCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report).
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