Schwab U.S. TIPS ETF $SCHP Stock Acquired by Prentice Wealth Management LLC

Prentice Wealth Management LLC boosted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,122,609 shares of the company’s stock after purchasing an additional 50,975 shares during the quarter. Schwab U.S. TIPS ETF comprises about 5.7% of Prentice Wealth Management LLC’s portfolio, making the stock its 4th biggest holding. Prentice Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $28,211,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Lincoln National Corp grew its holdings in Schwab U.S. TIPS ETF by 180.0% in the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after buying an additional 5,726,082 shares in the last quarter. Baldwin Wealth Partners LLC MA bought a new position in Schwab U.S. TIPS ETF during the 3rd quarter worth $39,649,000. Pictet Asset Management Holding SA increased its position in Schwab U.S. TIPS ETF by 1,764.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,267,000 shares of the company’s stock worth $33,715,000 after buying an additional 1,199,060 shares during the period. Avior Wealth Management LLC acquired a new stake in shares of Schwab U.S. TIPS ETF during the third quarter worth $27,214,000. Finally, Assetmark Inc. lifted its holdings in shares of Schwab U.S. TIPS ETF by 39.1% during the first quarter. Assetmark Inc. now owns 2,687,120 shares of the company’s stock worth $71,504,000 after buying an additional 755,117 shares in the last quarter.

Schwab U.S. TIPS ETF Trading Up 0.1%

Shares of Schwab U.S. TIPS ETF stock traded up $0.04 during trading on Tuesday, reaching $25.41. The company’s stock had a trading volume of 1,799,376 shares, compared to its average volume of 4,805,883. The business’s 50-day moving average price is $25.59 and its 200-day moving average price is $26.18. Schwab U.S. TIPS ETF has a 52 week low of $25.01 and a 52 week high of $27.15.

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.