Schwab U.S. TIPS ETF $SCHP Shares Purchased by Focus Financial Network Inc.

Focus Financial Network Inc. lifted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 9.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 368,427 shares of the company’s stock after purchasing an additional 32,212 shares during the quarter. Focus Financial Network Inc. owned about 0.06% of Schwab U.S. TIPS ETF worth $9,763,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHP. BlueSky Wealth Advisors LLC grew its stake in shares of Schwab U.S. TIPS ETF by 8.1% in the 4th quarter. BlueSky Wealth Advisors LLC now owns 1,499,610 shares of the company’s stock valued at $39,725,000 after buying an additional 112,608 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 606.7% during the 4th quarter. Farther Finance Advisors LLC now owns 190,389 shares of the company’s stock worth $5,043,000 after buying an additional 163,447 shares during the last quarter. Decker Retirement Planning Inc. raised its position in shares of Schwab U.S. TIPS ETF by 17.3% during the 1st quarter. Decker Retirement Planning Inc. now owns 143,728 shares of the company’s stock valued at $3,825,000 after buying an additional 21,239 shares during the period. Peak Financial Management Inc. lifted its holdings in Schwab U.S. TIPS ETF by 5.9% in the first quarter. Peak Financial Management Inc. now owns 351,526 shares of the company’s stock valued at $9,354,000 after acquiring an additional 19,702 shares during the last quarter. Finally, Riverpoint Wealth Management Holdings LLC lifted its holdings in Schwab U.S. TIPS ETF by 19.0% in the fourth quarter. Riverpoint Wealth Management Holdings LLC now owns 241,406 shares of the company’s stock valued at $6,395,000 after acquiring an additional 38,564 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of Schwab U.S. TIPS ETF stock opened at $25.96 on Monday. The stock has a 50 day moving average of $26.30 and a 200 day moving average of $26.58. Schwab U.S. TIPS ETF has a fifty-two week low of $25.87 and a fifty-two week 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.