Williams Financial LLC Invests $5.72 Million in Schwab U.S. TIPS ETF $SCHP

Williams Financial LLC bought a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 215,919 shares of the company’s stock, valued at approximately $5,720,000. Schwab U.S. TIPS ETF comprises 3.3% of Williams Financial LLC’s holdings, making the stock its 8th biggest holding.

Other institutional investors have also modified their holdings of the company. Founders Financial Alliance LLC increased its position in shares of Schwab U.S. TIPS ETF by 392.8% during the third quarter. Founders Financial Alliance LLC now owns 961 shares of the company’s stock worth $26,000 after acquiring an additional 766 shares during the period. Financial Consulate Inc. purchased a new position in Schwab U.S. TIPS ETF during the third quarter valued at approximately $29,000. Olistico Wealth LLC purchased a new position in Schwab U.S. TIPS ETF during the fourth quarter valued at approximately $30,000. Ameritas Investment Partners Inc. increased its holdings in Schwab U.S. TIPS ETF by 83.9% during the third 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, Glass Jacobson Investment Advisors llc increased its holdings in Schwab U.S. TIPS ETF by 35.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,469 shares of the company’s stock valued at $40,000 after buying an additional 383 shares during the period.

Schwab U.S. TIPS ETF Price Performance

Shares of SCHP stock opened at $26.80 on Tuesday. The company’s 50 day moving average is $26.76 and its 200 day moving average is $26.74. Schwab U.S. TIPS ETF has a 52-week low of $26.20 and a 52-week 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.