Peak Financial Management Inc. Purchases 19,702 Shares of Schwab U.S. TIPS ETF $SCHP

Peak Financial Management Inc. grew its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 5.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 351,526 shares of the company’s stock after buying an additional 19,702 shares during the period. Schwab U.S. TIPS ETF makes up about 2.4% of Peak Financial Management Inc.’s investment portfolio, making the stock its 18th largest holding. Peak Financial Management Inc.’s holdings in Schwab U.S. TIPS ETF were worth $9,354,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHP. Brighton Jones LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 211.4% during the fourth quarter. Brighton Jones LLC now owns 20,936 shares of the company’s stock valued at $541,000 after buying an additional 14,212 shares during the last quarter. AQR Capital Management LLC raised its holdings in Schwab U.S. TIPS ETF by 180.7% in the 1st quarter. AQR Capital Management LLC now owns 76,197 shares of the company’s stock worth $2,049,000 after acquiring an additional 49,056 shares during the last quarter. State Street Corp lifted its position in Schwab U.S. TIPS ETF by 3.0% in the 2nd quarter. State Street Corp now owns 2,599,691 shares of the company’s stock valued at $69,360,000 after acquiring an additional 76,212 shares in the last quarter. Main Street Financial Solutions LLC lifted its position in Schwab U.S. TIPS ETF by 25.5% in the 2nd quarter. Main Street Financial Solutions LLC now owns 11,390 shares of the company’s stock valued at $304,000 after acquiring an additional 2,312 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Schwab U.S. TIPS ETF by 2.9% in the 2nd quarter. Alliancebernstein L.P. now owns 7,833,720 shares of the company’s stock valued at $209,004,000 after acquiring an additional 223,281 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP opened at $26.29 on Friday. The business’s fifty day simple moving average is $26.63 and its two-hundred day simple moving average is $26.66. Schwab U.S. TIPS ETF has a 12 month low of $26.23 and a 12 month high of $27.19.

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.