Schwab U.S. TIPS ETF $SCHP Shares Acquired by Riverpoint Wealth Management Holdings LLC

Riverpoint Wealth Management Holdings LLC lifted its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 12.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 270,587 shares of the company’s stock after purchasing an additional 29,181 shares during the period. Schwab U.S. TIPS ETF comprises about 1.5% of Riverpoint Wealth Management Holdings LLC’s holdings, making the stock its 13th largest holding. Riverpoint Wealth Management Holdings LLC’s holdings in Schwab U.S. TIPS ETF were worth $7,200,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Summit Wealth Group LLC increased its holdings in Schwab U.S. TIPS ETF by 2.7% during the 1st quarter. Summit Wealth Group LLC now owns 165,226 shares of the company’s stock worth $4,397,000 after purchasing an additional 4,329 shares during the period. AMG National Trust Bank boosted its stake in shares of Schwab U.S. TIPS ETF by 15.3% in the 1st quarter. AMG National Trust Bank now owns 210,016 shares of the company’s stock valued at $5,589,000 after buying an additional 27,807 shares during the period. Lutz Financial Services LLC boosted its stake in shares of Schwab U.S. TIPS ETF by 6.1% in the 1st quarter. Lutz Financial Services LLC now owns 2,341,905 shares of the company’s stock valued at $62,318,000 after buying an additional 135,170 shares during the period. Archer Investment Corp grew its position in shares of Schwab U.S. TIPS ETF by 212.2% during the first quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after buying an additional 660 shares in the last quarter. Finally, WJ Financial Advisors LLC grew its position in shares of Schwab U.S. TIPS ETF by 3.9% during the first quarter. WJ Financial Advisors LLC now owns 13,015 shares of the company’s stock worth $346,000 after buying an additional 486 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

SCHP stock opened at $26.18 on Tuesday. The company’s 50 day moving average price is $26.55 and its 200 day moving average price is $26.64. Schwab U.S. TIPS ETF has a fifty-two week low of $26.14 and a fifty-two week high of $27.19.

Schwab U.S. TIPS ETF 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.