Western Wealth Management LLC increased its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 1,623.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 144,457 shares of the company’s stock after acquiring an additional 136,076 shares during the quarter. Western Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $3,844,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 2.9% in the 1st quarter. NewEdge Advisors LLC now owns 75,359 shares of the company’s stock valued at $2,005,000 after purchasing an additional 2,150 shares during the last quarter. Cassady Wealth & Retirement Planning LLC raised its stake in Schwab U.S. TIPS ETF by 2.2% during the first quarter. Cassady Wealth & Retirement Planning LLC now owns 18,461 shares of the company’s stock worth $496,000 after buying an additional 398 shares during the last quarter. Centaurus Financial Inc. bought a new position in Schwab U.S. TIPS ETF during the first quarter worth $156,000. Strategic Investment Advisors MI acquired a new position in Schwab U.S. TIPS ETF in the first quarter valued at $211,000. Finally, Arkadios Wealth Advisors lifted its holdings in Schwab U.S. TIPS ETF by 2,654.9% in the first quarter. Arkadios Wealth Advisors now owns 287,970 shares of the company’s stock valued at $7,663,000 after buying an additional 277,517 shares during the period.
Schwab U.S. TIPS ETF Stock Down 0.1%
Shares of SCHP opened at $26.09 on Friday. The firm’s fifty day simple moving average is $26.39 and its two-hundred day simple moving average is $26.60. Schwab U.S. TIPS ETF has a 12 month low of $26.03 and a 12 month high of $27.19.
Schwab U.S. TIPS ETF 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.
Featured Stories
- Five stocks we like better than Schwab U.S. TIPS ETF
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
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).
Receive News & Ratings for Schwab U.S. TIPS ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab U.S. TIPS ETF and related companies with MarketBeat.com's FREE daily email newsletter.
