Summit Global Investments Purchases Shares of 41,656 Schwab U.S. TIPs ETF (NYSEARCA:SCHP)

Summit Global Investments purchased a new stake in shares of Schwab U.S. TIPs ETF (NYSEARCA:SCHP) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 41,656 shares of the company’s stock, valued at approximately $2,291,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHP. US Bancorp DE raised its stake in shares of Schwab U.S. TIPs ETF by 2.6% during the 1st quarter. US Bancorp DE now owns 3,708,931 shares of the company’s stock valued at $203,990,000 after purchasing an additional 93,515 shares during the period. Joseph P. Lucia & Associates LLC bought a new stake in shares of Schwab U.S. TIPs ETF during the 1st quarter valued at $47,771,000. Wells Fargo & Company MN raised its stake in shares of Schwab U.S. TIPs ETF by 1.9% during the 1st quarter. Wells Fargo & Company MN now owns 934,014 shares of the company’s stock valued at $51,371,000 after purchasing an additional 17,286 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Schwab U.S. TIPs ETF during the 4th quarter valued at $44,262,000. Finally, NextCapital Advisers Inc. raised its stake in shares of Schwab U.S. TIPs ETF by 42.2% during the 1st quarter. NextCapital Advisers Inc. now owns 746,608 shares of the company’s stock valued at $41,063,000 after purchasing an additional 221,517 shares during the period.

Shares of NYSEARCA:SCHP traded down $0.12 during midday trading on Friday, reaching $55.71. 284,605 shares of the company traded hands, compared to its average volume of 540,100. Schwab U.S. TIPs ETF has a 12 month low of $52.75 and a 12 month high of $56.13.

The business also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, June 4th were paid a dividend of $0.178 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.83%. This is a positive change from Schwab U.S. TIPs ETF’s previous monthly dividend of $0.04. The ex-dividend date was Monday, June 3rd.

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Institutional Ownership by Quarter for Schwab U.S. TIPs ETF (NYSEARCA:SCHP)

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