Fifth Third Bancorp raised its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 112.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 422,223 shares of the company’s stock after acquiring an additional 223,744 shares during the quarter. Fifth Third Bancorp’s holdings in Schwab U.S. TIPS ETF were worth $11,235,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in SCHP. Lloyd Advisory Services LLC. bought a new position in Schwab U.S. TIPS ETF in the fourth quarter worth approximately $29,000. Olistico Wealth LLC bought a new position in shares of Schwab U.S. TIPS ETF in the fourth quarter valued at approximately $30,000. Ameritas Investment Partners Inc. grew its stake 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 purchasing an additional 547 shares during the period. CIBC Private Wealth Group LLC increased its holdings 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 purchased a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter worth approximately $49,000.
Schwab U.S. TIPS ETF Stock Performance
Shares of SCHP opened at $26.20 on Wednesday. Schwab U.S. TIPS ETF has a 1 year low of $26.14 and a 1 year high of $27.19. The stock’s fifty day moving average price is $26.54 and its two-hundred day moving average price is $26.64.
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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