Islay Capital Management LLC Purchases 50,000 Shares of Schwab U.S. TIPS ETF $SCHP

Islay Capital Management LLC lifted its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 178.6% during the third quarter, HoldingsChannel.com reports. The fund owned 78,000 shares of the company’s stock after acquiring an additional 50,000 shares during the period. Islay Capital Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $1,960,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lincoln National Corp raised 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 acquiring an additional 5,726,082 shares during the last quarter. Baldwin Wealth Partners LLC MA acquired a new stake in shares of Schwab U.S. TIPS ETF in the 3rd quarter worth $39,649,000. Pictet Asset Management Holding SA increased its stake in shares of Schwab U.S. TIPS ETF by 1,764.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,267,000 shares of the company’s stock worth $33,715,000 after acquiring an additional 1,199,060 shares during the last quarter. Avior Wealth Management LLC acquired a new position in shares of Schwab U.S. TIPS ETF during the 3rd quarter valued at about $27,214,000. Finally, Assetmark Inc. increased its position in 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 purchasing an additional 755,117 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Shares of Schwab U.S. TIPS ETF stock traded up $0.01 during mid-day trading on Tuesday, hitting $25.39. The stock had a trading volume of 1,724,884 shares, compared to its average volume of 4,805,259. The firm has a 50-day moving average of $25.59 and a two-hundred day moving average of $26.18. Schwab U.S. TIPS ETF has a 12-month low of $25.01 and a 12-month high of $27.15.

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.