Simplicity Wealth LLC Invests $780,000 in Schwab U.S. TIPS ETF $SCHP

Simplicity Wealth LLC bought a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the 1st quarter, HoldingsChannel.com reports. The firm bought 29,313 shares of the company’s stock, valued at approximately $780,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHP. Lloyd Advisory Services LLC. acquired a new stake in Schwab U.S. TIPS ETF during the 4th quarter worth about $29,000. Olistico Wealth LLC acquired a new position in Schwab U.S. TIPS ETF in the 4th quarter worth approximately $30,000. Ameritas Investment Partners Inc. boosted its stake in Schwab U.S. TIPS ETF by 83.9% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after purchasing an additional 547 shares during the period. CIBC Private Wealth Group LLC grew its position in Schwab U.S. TIPS ETF by 69.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after purchasing an additional 541 shares in the last quarter. Finally, LGT Financial Advisors LLC purchased a new position in Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $49,000.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP opened at $26.23 on Monday. The company’s fifty day moving average is $26.56 and its two-hundred day moving average is $26.64. Schwab U.S. TIPS ETF has a 12-month low of $26.19 and a 12-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.