Ridgewood Investments LLC increased its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 145.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,933 shares of the company’s stock after buying an additional 59,216 shares during the quarter. Schwab U.S. TIPS ETF comprises 0.9% of Ridgewood Investments LLC’s portfolio, making the stock its 25th largest position. Ridgewood Investments LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,511,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Horizons Wealth Management purchased a new position in Schwab U.S. TIPS ETF in the 3rd quarter worth approximately $1,294,000. FC Advisory LLC raised its stake in shares of Schwab U.S. TIPS ETF by 2.5% during the third quarter. FC Advisory LLC now owns 348,469 shares of the company’s stock valued at $8,757,000 after purchasing an additional 8,567 shares during the period. CX Institutional purchased a new stake in shares of Schwab U.S. TIPS ETF during the third quarter valued at approximately $44,000. Private Client Services LLC acquired a new position in shares of Schwab U.S. TIPS ETF during the third quarter worth $3,254,000. Finally, Atomic Invest LLC lifted its position in shares of Schwab U.S. TIPS ETF by 23.3% during the second quarter. Atomic Invest LLC now owns 126,972 shares of the company’s stock worth $3,378,000 after purchasing an additional 23,976 shares in the last quarter.
Schwab U.S. TIPS ETF Price Performance
Shares of SCHP stock traded down $0.02 on Monday, hitting $25.08. The stock had a trading volume of 6,513,297 shares, compared to its average volume of 4,798,929. The stock’s 50 day moving average is $25.76 and its 200-day moving average is $26.29. Schwab U.S. TIPS ETF has a 52-week low of $25.01 and a 52-week high of $27.15.
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.
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