Horizons Wealth Management bought a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 51,497 shares of the company’s stock, valued at approximately $1,294,000. Schwab U.S. TIPS ETF comprises 0.8% of Horizons Wealth Management’s holdings, making the stock its 25th biggest holding.
Several other institutional investors also recently bought and sold shares of the stock. FC Advisory LLC raised its stake in shares of Schwab U.S. TIPS ETF by 2.5% during the 3rd quarter. FC Advisory LLC now owns 348,469 shares of the company’s stock worth $8,757,000 after buying an additional 8,567 shares during the period. CX Institutional acquired a new stake in Schwab U.S. TIPS ETF in the 3rd quarter valued at $44,000. Private Client Services LLC purchased a new stake in Schwab U.S. TIPS ETF in the 3rd quarter worth $3,254,000. Atomic Invest LLC raised its position in 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 acquiring an additional 23,976 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Schwab U.S. TIPS ETF by 5.0% during the second quarter. Envestnet Asset Management Inc. now owns 6,295,573 shares of the company’s stock worth $166,833,000 after acquiring an additional 300,734 shares during the period.
Schwab U.S. TIPS ETF Stock Down 0.3%
Shares of SCHP traded down $0.07 during mid-day trading on Monday, hitting $25.04. 3,800,965 shares of the company were exchanged, compared to its average volume of 4,778,721. Schwab U.S. TIPS ETF has a 1-year low of $25.01 and a 1-year high of $27.15. The company has a 50 day moving average of $25.76 and a 200-day moving average of $26.29.
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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