82,247 Shares in Schwab U.S. TIPS ETF $SCHP Purchased by Flatrock Wealth Partners LLC

Flatrock Wealth Partners LLC acquired a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 1st quarter, HoldingsChannel reports. The fund acquired 82,247 shares of the company’s stock, valued at approximately $2,189,000. Schwab U.S. TIPS ETF comprises 1.0% of Flatrock Wealth Partners LLC’s investment portfolio, making the stock its 24th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Navalign LLC grew its holdings in Schwab U.S. TIPS ETF by 5.0% during the first quarter. Navalign LLC now owns 692,714 shares of the company’s stock valued at $18,433,000 after purchasing an additional 32,684 shares during the period. Sagace Wealth Management LLC raised its stake in shares of Schwab U.S. TIPS ETF by 1.5% in the first quarter. Sagace Wealth Management LLC now owns 184,834 shares of the company’s stock valued at $4,918,000 after buying an additional 2,719 shares during the period. K2 Financial Inc. grew its stake in shares of Schwab U.S. TIPS ETF by 5.3% during the 1st quarter. K2 Financial Inc. now owns 117,417 shares of the company’s stock worth $3,149,000 after acquiring an additional 5,925 shares during the period. Fischer Financial Services Inc. increased its holdings in Schwab U.S. TIPS ETF by 1.0% in the 1st quarter. Fischer Financial Services Inc. now owns 61,410 shares of the company’s stock worth $1,634,000 after acquiring an additional 625 shares during the last quarter. Finally, DGS Capital Management LLC purchased a new stake in Schwab U.S. TIPS ETF in the 1st quarter worth about $601,000.

Schwab U.S. TIPS ETF Stock Down 0.2%

NYSEARCA SCHP opened at $26.24 on Wednesday. Schwab U.S. TIPS ETF has a 52 week low of $26.22 and a 52 week high of $27.19. The firm’s 50-day simple moving average is $26.60 and its two-hundred day simple moving average is $26.65.

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.