Park Avenue Securities LLC bought a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,277 shares of the company’s stock, valued at approximately $221,000.
Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 211.4% during the 4th quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock worth $541,000 after buying an additional 14,212 shares during the period. NBC Securities Inc. boosted its holdings 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 worth $31,000 after acquiring an additional 1,159 shares during the period. Merit Financial Group LLC acquired a new position in shares of Schwab U.S. TIPS ETF in the first quarter valued at approximately $1,769,000. HBW Advisory Services LLC acquired a new position in shares of Schwab U.S. TIPS ETF in the first quarter valued at approximately $218,000. Finally, Freedom Financial Partners LLC increased its stake in shares of Schwab U.S. TIPS ETF by 24.6% during the first quarter. Freedom Financial Partners LLC now owns 80,151 shares of the company’s stock worth $2,155,000 after purchasing an additional 15,816 shares during the period.
Schwab U.S. TIPS ETF Price Performance
SCHP opened at $26.91 on Thursday. The stock has a fifty day moving average of $26.84 and a 200-day moving average of $26.61. Schwab U.S. TIPS ETF has a fifty-two week low of $25.68 and a fifty-two week high of $27.19.
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.
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