Private Client Services LLC purchased a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 129,481 shares of the company’s stock, valued at approximately $3,254,000. Schwab U.S. TIPS ETF comprises 0.9% of Private Client Services LLC’s portfolio, making the stock its 23rd largest position.
Several other large investors have also recently modified their holdings of SCHP. Archer Investment Corp lifted its position in Schwab U.S. TIPS ETF by 212.2% in the first quarter. Archer Investment Corp now owns 971 shares of the company’s stock valued at $26,000 after purchasing an additional 660 shares during the last quarter. TOP Private Wealth LLC. purchased a new position in shares of Schwab U.S. TIPS ETF during the second quarter valued at about $38,000. MidFirst Bank bought a new position in shares of Schwab U.S. TIPS ETF in the 4th quarter worth approximately $50,000. Human Investing LLC bought a new position in Schwab U.S. TIPS ETF in the first quarter worth $52,000. Finally, SHP Wealth Management purchased a new position in Schwab U.S. TIPS ETF during the 4th quarter valued at about $69,000.
Schwab U.S. TIPS ETF Stock Performance
Shares of SCHP traded down $0.04 during mid-day trading on Friday, reaching $25.11. The company had a trading volume of 3,176,913 shares, compared to its average volume of 4,771,804. The firm has a 50-day moving average price of $25.78 and a 200 day moving average price of $26.30. Schwab U.S. TIPS ETF has a 52 week low of $25.01 and a 52 week high of $27.15.
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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