Asset Management Group Inc. Buys 48,037 Shares of Schwab U.S. TIPS ETF $SCHP

Asset Management Group Inc. lifted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 618,527 shares of the company’s stock after purchasing an additional 48,037 shares during the period. Schwab U.S. TIPS ETF accounts for 2.7% of Asset Management Group Inc.’s holdings, making the stock its 10th biggest position. Asset Management Group Inc. owned about 0.11% of Schwab U.S. TIPS ETF worth $16,459,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Archer Investment Corp grew its position in shares of Schwab U.S. TIPS ETF by 212.2% in the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock valued at $26,000 after acquiring an additional 660 shares during the period. Lloyd Advisory Services LLC. bought a new position in Schwab U.S. TIPS ETF during the fourth quarter worth about $29,000. Ameritas Investment Partners Inc. grew its holdings in Schwab U.S. TIPS ETF by 83.9% during the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after purchasing an additional 547 shares during the period. CIBC Private Wealth Group LLC increased its position in Schwab U.S. TIPS ETF by 69.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after buying an additional 541 shares during the last quarter. Finally, LGT Financial Advisors LLC acquired a new position in Schwab U.S. TIPS ETF during the third quarter worth approximately $49,000.

Schwab U.S. TIPS ETF Stock Performance

NYSEARCA:SCHP opened at $26.09 on Friday. The stock’s 50 day moving average price is $26.44 and its two-hundred day moving average price is $26.62. Schwab U.S. TIPS ETF has a 12-month low of $26.06 and a 12-month high of $27.19.

Schwab U.S. TIPS ETF Company 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.