Trust Co. of Toledo NA OH Makes New Investment in Schwab U.S. TIPS ETF $SCHP

Trust Co. of Toledo NA OH purchased a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,200 shares of the company’s stock, valued at approximately $59,000.

A number of other large investors also recently added to or reduced their stakes in the company. Empower Advisory Group LLC lifted its stake in Schwab U.S. TIPS ETF by 6.2% during the first quarter. Empower Advisory Group LLC now owns 40,669,805 shares of the company’s stock worth $1,093,611,000 after purchasing an additional 2,368,720 shares in the last quarter. Wealthfront Advisers LLC raised its stake in shares of Schwab U.S. TIPS ETF by 26.9% in the first quarter. Wealthfront Advisers LLC now owns 28,220,930 shares of the company’s stock valued at $758,861,000 after acquiring an additional 5,986,682 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Schwab U.S. TIPS ETF by 1,240.8% in the first quarter. JPMorgan Chase & Co. now owns 17,556,656 shares of the company’s stock valued at $472,102,000 after acquiring an additional 16,247,258 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Schwab U.S. TIPS ETF by 5.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 16,401,227 shares of the company’s stock valued at $441,029,000 after acquiring an additional 835,548 shares in the last quarter. Finally, Jasper Ridge Partners L.P. raised its stake in shares of Schwab U.S. TIPS ETF by 3.8% in the first quarter. Jasper Ridge Partners L.P. now owns 7,808,873 shares of the company’s stock valued at $209,981,000 after acquiring an additional 289,378 shares in the last quarter.

Schwab U.S. TIPS ETF Trading Up 0.4%

Shares of NYSEARCA SCHP opened at $26.99 on Monday. Schwab U.S. TIPS ETF has a 12-month low of $25.68 and a 12-month high of $27.19. The business’s fifty day simple moving average is $26.88 and its 200-day simple moving average is $26.63.

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.