Equity Investment Corp purchased a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 84,500 shares of the company’s stock, valued at approximately $2,123,000.
Other hedge funds also recently added to or reduced their stakes in the company. Global Wealth Management Investment Advisory Inc. boosted its position in shares of Schwab U.S. TIPS ETF by 11.5% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 9,479 shares of the company’s stock valued at $238,000 after buying an additional 974 shares during the last quarter. Altiora Financial Group LLC increased its holdings in Schwab U.S. TIPS ETF by 2.4% in the 3rd quarter. Altiora Financial Group LLC now owns 446,564 shares of the company’s stock worth $11,222,000 after buying an additional 10,576 shares in the last quarter. Vestor Capital LLC purchased a new position in Schwab U.S. TIPS ETF in the 3rd quarter worth about $49,000. Kohmann Bosshard Financial Services LLC raised its position in Schwab U.S. TIPS ETF by 5.3% in the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 1,752,868 shares of the company’s stock worth $44,050,000 after buying an additional 88,356 shares during the last quarter. Finally, Joseph Group Capital Management raised its position in Schwab U.S. TIPS ETF by 6.3% in the 3rd quarter. Joseph Group Capital Management now owns 1,111,932 shares of the company’s stock worth $27,943,000 after buying an additional 66,380 shares during the last quarter.
Schwab U.S. TIPS ETF Stock Performance
SCHP opened at $25.36 on Wednesday. The company’s 50-day simple moving average is $25.47 and its two-hundred day simple moving average is $26.26. Schwab U.S. TIPS ETF has a 52-week low of $25.01 and a 52-week high of $26.99.
Schwab U.S. TIPS ETF Company 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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