Bank of Montreal Can Makes New Investment in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Bank of Montreal Can bought a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,237 shares of the company’s stock, valued at approximately $540,000.

Other institutional investors have also added to or reduced their stakes in the company. Baltimore Washington Financial Advisors Inc. bought a new position in Schwab U.S. TIPS ETF in the 1st quarter worth about $567,000. Graham Capital Wealth Management LLC bought a new position in Schwab U.S. TIPS ETF in the 1st quarter worth about $204,522,000. Money Concepts Capital Corp increased its stake in Schwab U.S. TIPS ETF by 860.8% in the 4th quarter. Money Concepts Capital Corp now owns 490 shares of the company’s stock worth $25,000 after acquiring an additional 439 shares during the last quarter. Glassman Wealth Services increased its stake in Schwab U.S. TIPS ETF by 27,700.0% in the 1st quarter. Glassman Wealth Services now owns 556 shares of the company’s stock worth $30,000 after acquiring an additional 554 shares during the last quarter. Finally, 25 LLC bought a new position in Schwab U.S. TIPS ETF in the 1st quarter worth about $30,000.

Schwab U.S. TIPS ETF Trading Up 0.4 %

SCHP opened at $50.81 on Friday. The stock has a 50-day moving average price of $50.49 and a 200-day moving average price of $51.63. Schwab U.S. TIPS ETF has a 12-month low of $49.50 and a 12-month high of $54.10.

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.