Northeast Financial Group Inc. Purchases 247,047 Shares of Schwab U.S. TIPS ETF $SCHP

Northeast Financial Group Inc. increased its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 186.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 379,803 shares of the company’s stock after acquiring an additional 247,047 shares during the period. Schwab U.S. TIPS ETF comprises 2.5% of Northeast Financial Group Inc.’s holdings, making the stock its 13th largest holding. Northeast Financial Group Inc. owned approximately 0.07% of Schwab U.S. TIPS ETF worth $10,107,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in shares of Schwab U.S. TIPS ETF by 5.3% in the 1st quarter. Sei Investments Co. now owns 12,955,292 shares of the company’s stock valued at $344,741,000 after purchasing an additional 646,415 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 11.2% during the 4th quarter. Cerity Partners LLC now owns 9,291,730 shares of the company’s stock worth $246,138,000 after buying an additional 936,063 shares in the last quarter. Evoke Wealth LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 16.5% during the 4th quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock worth $239,272,000 after buying an additional 1,281,394 shares in the last quarter. Lincoln National Corp lifted its position in shares of Schwab U.S. TIPS ETF by 180.0% during the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock worth $237,038,000 after buying an additional 5,726,082 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its position in shares of Schwab U.S. TIPS ETF by 5.5% during the 1st quarter. CENTRAL TRUST Co now owns 8,055,215 shares of the company’s stock worth $214,349,000 after buying an additional 421,678 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA:SCHP opened at $26.09 on Monday. Schwab U.S. TIPS ETF has a twelve month low of $26.06 and a twelve month high of $27.19. The stock’s 50-day simple moving average is $26.44 and its 200 day simple moving average is $26.62.

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.