Wealth Enhancement Advisory Services LLC Buys 77,818 Shares of Schwab U.S. TIPS ETF $SCHP

Wealth Enhancement Advisory Services LLC grew its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,042,832 shares of the company’s stock after acquiring an additional 77,818 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.42% of Schwab U.S. TIPS ETF worth $54,155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHP. NBC Securities Inc. raised its stake in shares of Schwab U.S. TIPS ETF by 115,900.0% during the first quarter. NBC Securities Inc. now owns 1,160 shares of the company’s stock valued at $31,000 after acquiring an additional 1,159 shares in the last quarter. Abound Wealth Management bought a new position in Schwab U.S. TIPS ETF in the first quarter worth approximately $36,000. Center for Financial Planning Inc. bought a new position in Schwab U.S. TIPS ETF in the first quarter worth approximately $38,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Schwab U.S. TIPS ETF in the first quarter worth approximately $41,000. Finally, Calton & Associates Inc. bought a new position in Schwab U.S. TIPS ETF in the first quarter worth approximately $58,000.

Schwab U.S. TIPS ETF Price Performance

Shares of NYSEARCA:SCHP opened at $27.02 on Friday. Schwab U.S. TIPS ETF has a 52 week low of $25.68 and a 52 week high of $27.19. The firm has a 50 day moving average of $26.77 and a 200 day moving average of $26.59.

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.