Wealthfront Advisers LLC lifted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 13.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,970,077 shares of the company’s stock after purchasing an additional 3,749,147 shares during the period. Schwab U.S. TIPS ETF comprises approximately 2.2% of Wealthfront Advisers LLC’s portfolio, making the stock its 11th largest position. Wealthfront Advisers LLC owned approximately 6.49% of Schwab U.S. TIPS ETF worth $852,962,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Mogy Joel R Investment Counsel Inc. purchased a new stake in shares of Schwab U.S. TIPS ETF during the 2nd quarter worth $32,000. Bogart Wealth LLC lifted its position in Schwab U.S. TIPS ETF by 64.1% in the second 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 last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Schwab U.S. TIPS ETF in the first quarter valued at $41,000. Horizon Bancorp Inc. IN purchased a new stake in Schwab U.S. TIPS ETF in the second quarter valued at $43,000. Finally, Whipplewood Advisors LLC lifted its position in Schwab U.S. TIPS ETF by 12,871.4% in the second quarter. Whipplewood Advisors LLC now owns 1,816 shares of the company’s stock valued at $48,000 after acquiring an additional 1,802 shares during the last quarter.
Schwab U.S. TIPS ETF Price Performance
Shares of SCHP opened at $27.08 on Friday. Schwab U.S. TIPS ETF has a 1-year low of $25.68 and a 1-year high of $27.19. The firm has a fifty day moving average price of $26.95 and a 200 day moving average price of $26.65.
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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