9,612 Shares in Schwab U.S. TIPS ETF $SCHP Bought by David Wealth Management LLC

David Wealth Management LLC bought a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,612 shares of the company’s stock, valued at approximately $256,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. increased its position in shares of Schwab U.S. TIPS ETF by 115,900.0% in the first quarter. NBC Securities Inc. now owns 1,160 shares of the company’s stock valued at $31,000 after acquiring an additional 1,159 shares during the last quarter. Mogy Joel R Investment Counsel Inc. bought a new position in Schwab U.S. TIPS ETF in the second quarter valued at approximately $32,000. Abound Wealth Management acquired a new position in shares of Schwab U.S. TIPS ETF during the 1st quarter worth approximately $36,000. Center for Financial Planning Inc. bought a new stake in shares of Schwab U.S. TIPS ETF during the 1st quarter worth approximately $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the 1st quarter valued at approximately $41,000.

Schwab U.S. TIPS ETF Trading Down 0.1%

Shares of SCHP stock opened at $26.87 on Monday. The company has a fifty day moving average price of $26.85 and a two-hundred day moving average price of $26.62. Schwab U.S. TIPS ETF has a one year low of $25.68 and a one year high of $27.19.

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.