B. Riley Wealth Advisors Inc. Purchases New Position in Schwab U.S. TIPS ETF $SCHP

B. Riley Wealth Advisors Inc. purchased a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 22,925 shares of the company’s stock, valued at approximately $612,000.

Several other hedge funds have also recently bought and sold shares of SCHP. Cape Investment Advisory Inc. boosted its stake in shares of Schwab U.S. TIPS ETF by 28.8% during the 2nd quarter. Cape Investment Advisory Inc. now owns 1,944 shares of the company’s stock worth $52,000 after acquiring an additional 435 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Schwab U.S. TIPS ETF by 308,781.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 166,796 shares of the company’s stock valued at $4,450,000 after purchasing an additional 166,742 shares during the period. Corient Private Wealth LLC grew its position in Schwab U.S. TIPS ETF by 32.2% during the second quarter. Corient Private Wealth LLC now owns 38,756 shares of the company’s stock worth $1,034,000 after buying an additional 9,445 shares in the last quarter. WealthCollab LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 6.0% during the 2nd quarter. WealthCollab LLC now owns 110,387 shares of the company’s stock worth $2,945,000 after purchasing an additional 6,231 shares in the last quarter. Finally, Chapman Financial Group LLC bought a new stake in Schwab U.S. TIPS ETF in the 2nd quarter valued at $565,000.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised Schwab U.S. TIPS ETF to a “hold” rating in a report on Friday, December 5th.

Schwab U.S. TIPS ETF Trading Up 0.1%

Shares of NYSEARCA:SCHP opened at $26.65 on Wednesday. Schwab U.S. TIPS ETF has a one year low of $25.68 and a one year high of $27.19. The company has a 50 day moving average of $26.88 and a 200-day moving average of $26.76.

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.