DMC Group LLC lifted its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 78.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,860 shares of the company’s stock after acquiring an additional 11,335 shares during the quarter. DMC Group LLC’s holdings in Schwab U.S. TIPS ETF were worth $668,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHP. Renaissance Technologies LLC bought a new stake in Schwab U.S. TIPS ETF during the second quarter worth $943,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Schwab U.S. TIPS ETF by 2.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 167,301 shares of the company’s stock valued at $8,701,000 after purchasing an additional 3,865 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Schwab U.S. TIPS ETF by 47.5% during the 2nd quarter. NewEdge Advisors LLC now owns 46,833 shares of the company’s stock worth $2,436,000 after purchasing an additional 15,089 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth about $203,000. Finally, Cetera Investment Advisers grew its position in Schwab U.S. TIPS ETF by 11.9% during the second quarter. Cetera Investment Advisers now owns 356,016 shares of the company’s stock valued at $18,516,000 after buying an additional 37,826 shares during the period.
Schwab U.S. TIPS ETF Stock Performance
NYSEARCA SCHP opened at $26.11 on Thursday. Schwab U.S. TIPS ETF has a 52-week low of $25.46 and a 52-week high of $26.96. The company has a 50-day simple moving average of $26.03 and a 200 day simple moving average of $26.30.
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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