Kohmann Bosshard Financial Services LLC lifted its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 5.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,752,868 shares of the company’s stock after acquiring an additional 88,356 shares during the period. Schwab U.S. TIPS ETF comprises about 3.7% of Kohmann Bosshard Financial Services LLC’s holdings, making the stock its 6th biggest position. Kohmann Bosshard Financial Services LLC’s holdings in Schwab U.S. TIPS ETF were worth $44,050,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Joseph Group Capital Management raised its holdings in Schwab U.S. TIPS ETF by 6.3% in the 3rd quarter. Joseph Group Capital Management now owns 1,111,932 shares of the company’s stock valued at $27,943,000 after acquiring an additional 66,380 shares in the last quarter. Abbington Investment Group grew its holdings in shares of Schwab U.S. TIPS ETF by 1.0% during the 3rd quarter. Abbington Investment Group now owns 161,545 shares of the company’s stock worth $4,060,000 after purchasing an additional 1,604 shares in the last quarter. M Holdings Securities Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $428,000. Brighton Jones LLC acquired a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $516,000. Finally, StoneX Group Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $259,000.
Schwab U.S. TIPS ETF Stock Performance
SCHP opened at $25.54 on Tuesday. Schwab U.S. TIPS ETF has a 1 year low of $25.01 and a 1 year high of $26.99. The stock’s 50 day simple moving average is $25.48 and its 200-day simple moving average is $26.26.
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.
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