Retirement Financial Solutions LLC acquired a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 225,230 shares of the company’s stock, valued at approximately $5,993,000. Schwab U.S. TIPS ETF accounts for about 1.7% of Retirement Financial Solutions LLC’s investment portfolio, making the stock its 21st biggest holding.
Other institutional investors have also added to or reduced their stakes in the company. Lloyd Advisory Services LLC. purchased a new stake in shares of Schwab U.S. TIPS ETF in the 4th quarter worth about $29,000. Olistico Wealth LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter valued at about $30,000. Ameritas Investment Partners Inc. increased its position in shares of Schwab U.S. TIPS ETF by 83.9% during the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after buying an additional 547 shares during the period. CIBC Private Wealth Group LLC raised its stake in Schwab U.S. TIPS ETF by 69.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after buying an additional 541 shares in the last quarter. Finally, LGT Financial Advisors LLC bought a new position in Schwab U.S. TIPS ETF in the third quarter worth about $49,000.
Schwab U.S. TIPS ETF Stock Performance
Shares of SCHP opened at $26.29 on Friday. The company has a 50-day simple moving average of $26.63 and a two-hundred day simple moving average of $26.66. Schwab U.S. TIPS ETF has a one year low of $26.23 and a one year 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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