Compass Financial Management LLC Makes New Investment in Schwab U.S. TIPS ETF $SCHP

Compass Financial Management LLC purchased a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 22,966 shares of the company’s stock, valued at approximately $609,000.

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

Schwab U.S. TIPS ETF Price Performance

SCHP opened at $25.96 on Monday. The stock’s 50-day moving average price is $26.19 and its 200 day moving average price is $26.54. Schwab U.S. TIPS ETF has a 12-month low of $25.87 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.