Liberty Capital Management Inc. Grows Position in Schwab U.S. TIPS ETF $SCHP

Liberty Capital Management Inc. increased its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 35.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 14,003 shares of the company’s stock after buying an additional 3,691 shares during the quarter. Liberty Capital Management Inc.’s holdings in Schwab U.S. TIPS ETF were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. LifeGuide Financial Advisors LLC grew its position in Schwab U.S. TIPS ETF by 3.0% during the 2nd quarter. LifeGuide Financial Advisors LLC now owns 1,679,994 shares of the company’s stock worth $44,822,000 after purchasing an additional 49,380 shares during the last quarter. K2 Financial Inc. grew its holdings in shares of Schwab U.S. TIPS ETF by 9.1% during the second quarter. K2 Financial Inc. now owns 103,581 shares of the company’s stock worth $2,739,000 after buying an additional 8,645 shares during the last quarter. LifeGoal Wealth Advisors grew its holdings in shares of Schwab U.S. TIPS ETF by 608.1% during the second quarter. LifeGoal Wealth Advisors now owns 140,429 shares of the company’s stock worth $3,747,000 after buying an additional 120,597 shares during the last quarter. Summit Financial Strategies Inc. grew its holdings in shares of Schwab U.S. TIPS ETF by 2.5% during the second quarter. Summit Financial Strategies Inc. now owns 109,652 shares of the company’s stock worth $2,926,000 after buying an additional 2,659 shares during the last quarter. Finally, Kavar Capital Partners Group LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the second quarter worth about $275,000.

Schwab U.S. TIPS ETF Trading Up 0.0%

Shares of SCHP stock opened at $26.95 on Wednesday. The business’s 50 day moving average is $26.83 and its two-hundred day moving average is $26.61. Schwab U.S. TIPS ETF has a twelve month low of $25.68 and a twelve month high of $27.19.

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.