Schwab U.S. TIPS ETF $SCHP Stock Holdings Lifted by Royal Bank of Canada

Royal Bank of Canada grew its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 13.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,312 shares of the company’s stock after purchasing an additional 24,909 shares during the period. Royal Bank of Canada’s holdings in Schwab U.S. TIPS ETF were worth $5,516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. grew its stake 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 buying an additional 646,415 shares in the last quarter. Cerity Partners LLC raised its position in Schwab U.S. TIPS ETF by 11.2% during the fourth quarter. Cerity Partners LLC now owns 9,291,730 shares of the company’s stock valued at $246,138,000 after acquiring an additional 936,063 shares in the last quarter. Evoke Wealth LLC raised its position in Schwab U.S. TIPS ETF by 16.5% during the fourth quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock valued at $239,272,000 after acquiring an additional 1,281,394 shares in the last quarter. Lincoln National Corp lifted its stake in Schwab U.S. TIPS ETF by 180.0% in the first quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after acquiring an additional 5,726,082 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its stake in Schwab U.S. TIPS ETF by 5.5% in the first quarter. CENTRAL TRUST Co now owns 8,055,215 shares of the company’s stock valued at $214,349,000 after acquiring an additional 421,678 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP stock opened at $25.91 on Thursday. Schwab U.S. TIPS ETF has a 12 month low of $25.87 and a 12 month high of $27.19. The firm has a 50 day moving average of $26.26 and a two-hundred day moving average of $26.57.

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.