Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Purchased by Financial Architects LLC

Financial Architects LLC lifted its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 572,338 shares of the company’s stock after purchasing an additional 18,205 shares during the period. Schwab U.S. TIPS ETF makes up 20.2% of Financial Architects LLC’s investment portfolio, making the stock its largest holding. Financial Architects LLC owned 0.27% of Schwab U.S. TIPS ETF worth $29,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHP. ORG Partners LLC purchased a new position in Schwab U.S. TIPS ETF during the 2nd quarter valued at about $387,000. Friedenthal Financial increased its holdings in Schwab U.S. TIPS ETF by 5.8% during the 2nd quarter. Friedenthal Financial now owns 27,311 shares of the company’s stock valued at $1,420,000 after acquiring an additional 1,497 shares in the last quarter. Kure Advisory LLC increased its holdings in Schwab U.S. TIPS ETF by 3.7% during the 2nd quarter. Kure Advisory LLC now owns 83,025 shares of the company’s stock valued at $4,318,000 after acquiring an additional 2,926 shares in the last quarter. Hart & Patterson Financial Group LLC increased its holdings in Schwab U.S. TIPS ETF by 0.8% during the 2nd quarter. Hart & Patterson Financial Group LLC now owns 131,704 shares of the company’s stock valued at $6,850,000 after acquiring an additional 991 shares in the last quarter. Finally, White Lighthouse Investment Management Inc. increased its holdings in Schwab U.S. TIPS ETF by 3.9% during the 2nd quarter. White Lighthouse Investment Management Inc. now owns 40,340 shares of the company’s stock valued at $2,098,000 after acquiring an additional 1,502 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of NYSEARCA SCHP traded down $0.04 during midday trading on Wednesday, reaching $52.81. 505,743 shares of the stock were exchanged, compared to its average volume of 1,242,316. Schwab U.S. TIPS ETF has a 52-week low of $49.50 and a 52-week high of $53.05. The stock has a 50 day moving average price of $52.22 and a 200-day moving average price of $51.89.

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.