Schwab U.S. TIPS ETF $SCHP Stock Holdings Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 34.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,420,974 shares of the company’s stock after acquiring an additional 624,017 shares during the quarter. Bank of New York Mellon Corp owned about 0.42% of Schwab U.S. TIPS ETF worth $64,422,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SCHP. Archer Investment Corp raised its stake in shares of Schwab U.S. TIPS ETF by 212.2% during the first quarter. Archer Investment Corp now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 660 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in Schwab U.S. TIPS ETF in the fourth quarter worth about $29,000. Olistico Wealth LLC bought a new position in Schwab U.S. TIPS ETF in the 4th quarter valued at about $30,000. Ameritas Investment Partners Inc. grew its position in Schwab U.S. TIPS ETF by 83.9% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock valued at $32,000 after buying an additional 547 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in Schwab U.S. TIPS ETF by 69.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock valued at $35,000 after buying an additional 541 shares during the period.

Schwab U.S. TIPS ETF Stock Performance

SCHP stock opened at $26.14 on Thursday. Schwab U.S. TIPS ETF has a 52 week low of $26.14 and a 52 week high of $27.19. The firm’s 50-day moving average is $26.46 and its two-hundred day moving average is $26.63.

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.