Abbington Investment Group acquired a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 71,513 shares of the company’s stock, valued at approximately $1,927,000. Schwab U.S. TIPS ETF makes up approximately 1.6% of Abbington Investment Group’s holdings, making the stock its 23rd largest position.
Other hedge funds have also recently made changes to their positions in the company. Financial Consulate Inc. bought a new stake in Schwab U.S. TIPS ETF during the third quarter worth approximately $29,000. Mogy Joel R Investment Counsel Inc. purchased a new stake in Schwab U.S. TIPS ETF during the 2nd quarter valued at $32,000. Bessemer Group Inc. bought a new stake in Schwab U.S. TIPS ETF in the second quarter worth $32,000. Hantz Financial Services Inc. purchased a new position in Schwab U.S. TIPS ETF during the second quarter worth $35,000. Finally, Bogart Wealth LLC increased its position in Schwab U.S. TIPS ETF by 64.1% during the second quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock valued at $38,000 after acquiring an additional 551 shares during the last quarter.
Wall Street Analyst Weigh In
Separately, Sanford C. Bernstein raised shares of Schwab U.S. TIPS ETF to a “hold” rating in a research report on Friday, December 5th.
Schwab U.S. TIPS ETF Stock Down 0.2%
Shares of SCHP opened at $26.53 on Friday. The company has a 50 day moving average price of $26.71 and a 200-day moving average price of $26.77. 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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