SouthState Bank Corp Purchases New Position in Schwab U.S. TIPS ETF $SCHP

SouthState Bank Corp acquired a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,943 shares of the company’s stock, valued at approximately $770,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quadratic Capital Management LLC boosted its position in shares of Schwab U.S. TIPS ETF by 23.2% in the fourth quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock worth $384,084,000 after buying an additional 2,732,156 shares during the period. Cerity Partners LLC grew its stake in shares of Schwab U.S. TIPS ETF by 11.2% in the fourth quarter. Cerity Partners LLC now owns 9,291,730 shares of the company’s stock valued at $246,138,000 after buying an additional 936,063 shares in the last quarter. Evoke Wealth LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 16.5% during the 4th quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock valued at $239,272,000 after buying an additional 1,281,394 shares during the period. Lincoln National Corp raised its holdings in shares of Schwab U.S. TIPS ETF by 180.0% during the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after buying an additional 5,726,082 shares during the period. Finally, CENTRAL TRUST Co lifted its position in Schwab U.S. TIPS ETF by 5.5% during the 1st quarter. CENTRAL TRUST Co now owns 8,055,215 shares of the company’s stock worth $214,349,000 after acquiring an additional 421,678 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA SCHP opened at $26.21 on Thursday. Schwab U.S. TIPS ETF has a fifty-two week low of $26.14 and a fifty-two week high of $27.19. The business has a 50 day moving average price of $26.52 and a two-hundred day moving average price of $26.64.

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.