Litman Gregory Wealth Management LLC increased its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,000 shares of the company’s stock after acquiring an additional 2,121 shares during the period. Litman Gregory Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $2,214,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. increased its position in shares of Schwab U.S. TIPS ETF by 115,900.0% in the first quarter. NBC Securities Inc. now owns 1,160 shares of the company’s stock valued at $31,000 after buying an additional 1,159 shares in the last quarter. Mogy Joel R Investment Counsel Inc. purchased a new position in Schwab U.S. TIPS ETF during the 2nd quarter valued at about $32,000. Abound Wealth Management purchased a new position in Schwab U.S. TIPS ETF during the 1st quarter valued at about $36,000. Center for Financial Planning Inc. acquired a new position in Schwab U.S. TIPS ETF during the first quarter worth about $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Schwab U.S. TIPS ETF in the first quarter valued at about $41,000.
Schwab U.S. TIPS ETF Trading Down 0.1%
SCHP stock opened at $26.87 on Monday. The company’s 50 day simple moving average is $26.85 and its 200-day simple moving average is $26.62. Schwab U.S. TIPS ETF has a 12 month low of $25.68 and a 12 month high of $27.19.
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.
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