Joseph Group Capital Management boosted its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,111,932 shares of the company’s stock after purchasing an additional 66,380 shares during the quarter. Schwab U.S. TIPS ETF comprises 5.0% of Joseph Group Capital Management’s holdings, making the stock its 5th largest holding. Joseph Group Capital Management owned 0.16% of Schwab U.S. TIPS ETF worth $27,943,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in SCHP. Abbington Investment Group grew its stake in shares of Schwab U.S. TIPS ETF by 1.0% in the 3rd quarter. Abbington Investment Group now owns 161,545 shares of the company’s stock worth $4,060,000 after acquiring an additional 1,604 shares in the last quarter. M Holdings Securities Inc. bought a new position in shares of Schwab U.S. TIPS ETF during the third quarter valued at about $428,000. Brighton Jones LLC bought a new position in shares of Schwab U.S. TIPS ETF during the third quarter valued at about $516,000. StoneX Group Inc. bought a new position in shares of Schwab U.S. TIPS ETF during the third quarter valued at about $259,000. Finally, Montgomery Financial Services LLC boosted its holdings in Schwab U.S. TIPS ETF by 45.6% during the third quarter. Montgomery Financial Services LLC now owns 21,078 shares of the company’s stock worth $530,000 after purchasing an additional 6,602 shares during the last quarter.
Schwab U.S. TIPS ETF Stock Performance
Shares of NYSEARCA:SCHP opened at $25.54 on Tuesday. Schwab U.S. TIPS ETF has a 1 year low of $25.01 and a 1 year high of $26.99. The business has a fifty day moving average price of $25.48 and a two-hundred day moving average price of $26.26.
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.
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