Phillips Financial Management LLC lifted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 5.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,899 shares of the company’s stock after buying an additional 4,722 shares during the quarter. Phillips Financial Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,559,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in SCHP. Mogy Joel R Investment Counsel Inc. purchased a new position in shares of Schwab U.S. TIPS ETF during the second quarter valued at about $32,000. Bogart Wealth LLC grew its position in shares of Schwab U.S. TIPS ETF by 64.1% during the second quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock valued at $38,000 after purchasing an additional 551 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the first quarter valued at about $41,000. Horizon Bancorp Inc. IN purchased a new position in shares of Schwab U.S. TIPS ETF during the second quarter valued at about $43,000. Finally, Blue Trust Inc. grew its position in shares of Schwab U.S. TIPS ETF by 9,031.8% during the second quarter. Blue Trust Inc. now owns 2,009 shares of the company’s stock valued at $54,000 after purchasing an additional 1,987 shares in the last quarter.
Schwab U.S. TIPS ETF Stock Performance
Shares of Schwab U.S. TIPS ETF stock opened at $27.11 on Wednesday. The business has a 50-day moving average price of $26.92 and a 200-day moving average price of $26.64. Schwab U.S. TIPS ETF has a twelve month low of $25.68 and a twelve month high of $27.19.
Schwab U.S. TIPS ETF Company 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.
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