Petra Financial Advisors Inc. Acquires 630 Shares of Schwab U.S. TIPS ETF $SCHP

Petra Financial Advisors Inc. raised its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,506 shares of the company’s stock after acquiring an additional 630 shares during the quarter. Petra Financial Advisors Inc.’s holdings in Schwab U.S. TIPS ETF were worth $307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SCHP. Mogy Joel R Investment Counsel Inc. bought a new position in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth $32,000. Bessemer Group Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at approximately $32,000. Bogart Wealth LLC raised its position in shares of Schwab U.S. TIPS ETF by 64.1% in the 2nd quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock valued at $38,000 after acquiring an additional 551 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new position in Schwab U.S. TIPS ETF during the 1st quarter worth approximately $41,000. Finally, Horizon Bancorp Inc. IN bought a new position in Schwab U.S. TIPS ETF during the 2nd quarter worth approximately $43,000.

Schwab U.S. TIPS ETF Price Performance

Schwab U.S. TIPS ETF stock opened at $27.08 on Tuesday. The company’s 50 day simple moving average is $26.96 and its 200 day simple moving average is $26.66. Schwab U.S. TIPS ETF has a fifty-two week low of $25.68 and a fifty-two week high of $27.19.

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.