Brown Wealth Management LLC Takes Position in Schwab U.S. TIPS ETF $SCHP

Brown Wealth Management LLC acquired a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 96,498 shares of the company’s stock, valued at approximately $2,575,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Mogy Joel R Investment Counsel Inc. bought a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at about $32,000. Bessemer Group Inc. acquired a new position in Schwab U.S. TIPS ETF in the second quarter valued at about $32,000. Hantz Financial Services Inc. acquired a new position in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at approximately $35,000. Bogart Wealth LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 64.1% in the second quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock valued at $38,000 after buying an additional 551 shares during the period. Finally, Horizon Bancorp Inc. IN bought a new stake in shares of Schwab U.S. TIPS ETF during the second quarter worth $43,000.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA:SCHP opened at $26.83 on Wednesday. Schwab U.S. TIPS ETF has a 12 month low of $25.68 and a 12 month high of $27.19. The company’s fifty day simple moving average is $26.96 and its 200 day simple moving average is $26.70.

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.