Stonebrook Private Inc. acquired a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,406 shares of the company’s stock, valued at approximately $856,000.
A number of other institutional investors have also made changes to their positions in SCHP. Cerity Partners LLC increased its position in shares of Schwab U.S. TIPS ETF by 327.1% in the 4th quarter. Cerity Partners LLC now owns 13,385,973 shares of the company’s stock valued at $698,748,000 after buying an additional 10,251,581 shares in the last quarter. Empower Advisory Group LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 24.9% in the 3rd quarter. Empower Advisory Group LLC now owns 12,524,783 shares of the company’s stock valued at $632,376,000 after purchasing an additional 2,499,508 shares during the period. Korea Investment CORP bought a new stake in shares of Schwab U.S. TIPS ETF in the 3rd quarter valued at about $29,284,000. JPMorgan Chase & Co. raised its holdings in shares of Schwab U.S. TIPS ETF by 8.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,306,113 shares of the company’s stock valued at $368,886,000 after purchasing an additional 566,822 shares during the period. Finally, Financial Architects LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the 4th quarter valued at about $25,171,000.
Schwab U.S. TIPS ETF Stock Up 0.2 %
Schwab U.S. TIPS ETF stock traded up $0.12 during trading hours on Friday, hitting $51.33. The company had a trading volume of 1,513,180 shares, compared to its average volume of 1,242,660. Schwab U.S. TIPS ETF has a one year low of $49.50 and a one year high of $53.83. The firm has a 50-day moving average of $51.71 and a 200 day moving average of $51.48.
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.
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