Integrated Wealth Concepts LLC Boosts Stake in Schwab U.S. TIPS ETF $SCHP

Integrated Wealth Concepts LLC lifted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 11.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,964,331 shares of the company’s stock after acquiring an additional 208,846 shares during the period. Integrated Wealth Concepts LLC’s holdings in Schwab U.S. TIPS ETF were worth $52,055,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SCHP. Fortis Capital Management LLC grew its stake in Schwab U.S. TIPS ETF by 1.3% in the fourth quarter. Fortis Capital Management LLC now owns 30,765 shares of the company’s stock worth $815,000 after purchasing an additional 390 shares during the period. Cassady Wealth & Retirement Planning LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 2.2% during the 1st quarter. Cassady Wealth & Retirement Planning LLC now owns 18,461 shares of the company’s stock valued at $496,000 after buying an additional 398 shares in the last quarter. Arta Finance Wealth Management LLC grew its position in shares of Schwab U.S. TIPS ETF by 1.8% in the 1st quarter. Arta Finance Wealth Management LLC now owns 27,080 shares of the company’s stock worth $720,000 after buying an additional 474 shares during the period. WJ Financial Advisors LLC grew its position in shares of Schwab U.S. TIPS ETF by 3.9% in the 1st quarter. WJ Financial Advisors LLC now owns 13,015 shares of the company’s stock worth $346,000 after buying an additional 486 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Schwab U.S. TIPS ETF by 69.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after acquiring an additional 541 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA SCHP opened at $25.87 on Wednesday. Schwab U.S. TIPS ETF has a 1 year low of $25.78 and a 1 year high of $27.19. The firm has a 50-day moving average of $26.05 and a 200 day moving average of $26.47.

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.