Kestra Private Wealth Services LLC Purchases New Position in Schwab U.S. TIPS ETF $SCHP

Kestra Private Wealth Services LLC purchased a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 445,029 shares of the company’s stock, valued at approximately $11,184,000.

Several other hedge funds have also bought and sold shares of SCHP. Archer Investment Corp grew its stake in shares of Schwab U.S. TIPS ETF by 212.2% during the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 660 shares during the period. First Community Trust NA purchased a new position in shares of Schwab U.S. TIPS ETF during the 3rd quarter valued at approximately $25,000. Align Financial LLC acquired a new position in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at $27,000. TOP Private Wealth LLC. acquired a new position in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at $38,000. Finally, CX Institutional purchased a new stake in Schwab U.S. TIPS ETF during the third quarter worth $44,000.

Schwab U.S. TIPS ETF Stock Performance

SCHP stock opened at $25.55 on Thursday. Schwab U.S. TIPS ETF has a one year low of $25.01 and a one year high of $26.99. The firm’s fifty day moving average is $25.50 and its 200 day moving average is $26.27.

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.