Arete Wealth Advisors LLC acquired a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 29,361 shares of the company’s stock, valued at approximately $790,000.
A number of other large investors have also bought and sold shares of SCHP. JPMorgan Chase & Co. grew its position in Schwab U.S. TIPS ETF by 1,240.8% during the 1st quarter. JPMorgan Chase & Co. now owns 17,556,656 shares of the company’s stock worth $472,102,000 after acquiring an additional 16,247,258 shares during the last quarter. Wealthfront Advisers LLC grew its position in Schwab U.S. TIPS ETF by 26.9% during the 1st quarter. Wealthfront Advisers LLC now owns 28,220,930 shares of the company’s stock worth $758,861,000 after acquiring an additional 5,986,682 shares during the last quarter. Nepc LLC grew its position in Schwab U.S. TIPS ETF by 157.0% during the 4th quarter. Nepc LLC now owns 7,637,467 shares of the company’s stock worth $197,276,000 after acquiring an additional 4,666,256 shares during the last quarter. Empower Advisory Group LLC grew its position in Schwab U.S. TIPS ETF by 6.2% during the 1st quarter. Empower Advisory Group LLC now owns 40,669,805 shares of the company’s stock worth $1,093,611,000 after acquiring an additional 2,368,720 shares during the last quarter. Finally, Garde Capital Inc. bought a new stake in Schwab U.S. TIPS ETF during the 1st quarter worth approximately $28,300,000.
Schwab U.S. TIPS ETF Stock Performance
NYSEARCA SCHP opened at $27.01 on Wednesday. Schwab U.S. TIPS ETF has a one year low of $25.68 and a one year high of $27.06. The stock’s 50 day simple moving average is $26.69 and its 200 day simple moving average is $26.56.
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.
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