Goodwin Investment Advisory Buys New Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Goodwin Investment Advisory purchased a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 99,826 shares of the company’s stock, valued at approximately $5,211,000. Schwab U.S. TIPS ETF comprises approximately 2.7% of Goodwin Investment Advisory’s investment portfolio, making the stock its 7th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Alpha Omega Wealth Management LLC grew its stake in Schwab U.S. TIPS ETF by 1.4% in the 4th quarter. Alpha Omega Wealth Management LLC now owns 64,899 shares of the company’s stock worth $3,388,000 after acquiring an additional 865 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 9.0% during the fourth quarter. Avior Wealth Management LLC now owns 312,378 shares of the company’s stock worth $16,306,000 after purchasing an additional 25,664 shares during the last quarter. Allen Capital Group LLC grew its position in shares of Schwab U.S. TIPS ETF by 5.1% in the fourth quarter. Allen Capital Group LLC now owns 144,333 shares of the company’s stock valued at $7,534,000 after purchasing an additional 6,971 shares during the period. Octavia Wealth Advisors LLC increased its stake in Schwab U.S. TIPS ETF by 63.7% in the fourth quarter. Octavia Wealth Advisors LLC now owns 10,708 shares of the company’s stock valued at $559,000 after purchasing an additional 4,165 shares during the last quarter. Finally, SVB Wealth LLC lifted its position in Schwab U.S. TIPS ETF by 15.6% during the fourth quarter. SVB Wealth LLC now owns 116,194 shares of the company’s stock worth $6,065,000 after buying an additional 15,706 shares during the period.

Schwab U.S. TIPS ETF Stock Up 0.3 %

SCHP traded up $0.16 during midday trading on Wednesday, hitting $51.32. The company’s stock had a trading volume of 924,837 shares, compared to its average volume of 1,256,488. Schwab U.S. TIPS ETF has a 52-week low of $49.50 and a 52-week high of $53.92. The firm has a 50-day moving average price of $51.76 and a two-hundred day moving average price of $51.41.

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.