Matrix Trust Co boosted its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 5.9% in the third quarter, HoldingsChannel.com reports. The firm owned 1,379,918 shares of the company’s stock after buying an additional 76,275 shares during the quarter. Schwab U.S. TIPS ETF comprises about 5.1% of Matrix Trust Co’s investment portfolio, making the stock its 6th largest holding. Matrix Trust Co’s holdings in Schwab U.S. TIPS ETF were worth $34,677,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Archer Investment Corp grew its holdings in shares of Schwab U.S. TIPS ETF by 212.2% during the first quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after purchasing an additional 660 shares during the last quarter. First Community Trust NA acquired a new position in shares of Schwab U.S. TIPS ETF in the third quarter valued at approximately $25,000. TOP Private Wealth LLC. purchased a new position in Schwab U.S. TIPS ETF during the second quarter worth about $38,000. CX Institutional acquired a new position in Schwab U.S. TIPS ETF during the third quarter worth $44,000. Finally, MidFirst Bank purchased a new stake in Schwab U.S. TIPS ETF during the fourth quarter worth about $50,000.
Schwab U.S. TIPS ETF Stock Up 0.0%
Shares of NYSEARCA SCHP traded up $0.01 on Wednesday, hitting $25.12. The company’s stock had a trading volume of 3,496,713 shares, compared to its average volume of 4,788,869. The stock has a 50 day moving average of $25.72 and a 200-day moving average of $26.26. Schwab U.S. TIPS ETF has a 12-month low of $25.01 and a 12-month 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.
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