Ridgewood Investments LLC Purchases 59,216 Shares of Schwab U.S. TIPS ETF $SCHP

Ridgewood Investments LLC raised its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 145.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,933 shares of the company’s stock after acquiring an additional 59,216 shares during the period. Schwab U.S. TIPS ETF makes up 0.9% of Ridgewood Investments LLC’s portfolio, making the stock its 25th biggest position. Ridgewood Investments LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. lifted 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 purchasing an additional 646,415 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 11.2% during the 4th quarter. Cerity Partners LLC now owns 9,291,730 shares of the company’s stock worth $246,138,000 after purchasing an additional 936,063 shares during the period. Lincoln National Corp increased its position in Schwab U.S. TIPS ETF by 180.0% during the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock worth $237,038,000 after purchasing an additional 5,726,082 shares in the last quarter. CENTRAL TRUST Co increased its position in Schwab U.S. TIPS ETF by 5.5% during the 1st quarter. CENTRAL TRUST Co now owns 8,055,215 shares of the company’s stock worth $214,349,000 after purchasing an additional 421,678 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Schwab U.S. TIPS ETF by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 6,295,573 shares of the company’s stock valued at $166,833,000 after buying an additional 300,734 shares during the period.

Schwab U.S. TIPS ETF Trading Down 0.1%

SCHP stock traded down $0.02 during midday trading on Monday, reaching $25.08. 6,513,297 shares of the company’s stock traded hands, compared to its average volume of 4,798,929. Schwab U.S. TIPS ETF has a fifty-two week low of $25.01 and a fifty-two week high of $27.15. The business has a 50-day moving average price of $25.76 and a two-hundred day moving average price of $26.29.

Schwab U.S. TIPS ETF Company 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.