Westover Capital Advisors LLC purchased a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 413,151 shares of the company’s stock, valued at approximately $10,382,000. Schwab U.S. TIPS ETF comprises 1.7% of Westover Capital Advisors LLC’s portfolio, making the stock its 17th largest holding.
Other hedge funds have also added to or reduced their stakes in the company. Blume Capital Management Inc. purchased a new position in shares of Schwab U.S. TIPS ETF in the third quarter worth $314,000. Apollon Wealth Management LLC grew its position in Schwab U.S. TIPS ETF by 8.0% during the third quarter. Apollon Wealth Management LLC now owns 12,759 shares of the company’s stock valued at $321,000 after buying an additional 942 shares during the period. Sigma Planning Corp purchased a new position in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth $922,000. IRON Financial LLC purchased a new position in Schwab U.S. TIPS ETF during the third quarter valued at $3,942,000. Finally, L.K. Benson & Company P.C. grew its stake in shares of Schwab U.S. TIPS ETF by 89.7% during the 3rd quarter. L.K. Benson & Company P.C. now owns 84,723 shares of the company’s stock valued at $2,129,000 after acquiring an additional 40,061 shares during the period.
Schwab U.S. TIPS ETF Price Performance
Shares of NYSEARCA SCHP opened at $25.64 on Tuesday. The firm has a fifty day moving average price of $25.56 and a 200-day moving average price of $26.31. Schwab U.S. TIPS ETF has a 1 year low of $25.01 and a 1 year high of $27.11.
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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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).
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