Benchmark Wealth Management LLC increased its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 97.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,120 shares of the company’s stock after purchasing an additional 15,398 shares during the period. Schwab U.S. TIPS ETF accounts for about 0.4% of Benchmark Wealth Management LLC’s investment portfolio, making the stock its 24th largest holding. Benchmark Wealth Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $804,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of SCHP. Capital Performance Advisors LLP acquired a new stake in Schwab U.S. TIPS ETF in the 3rd quarter valued at about $63,000. Fairscale Capital LLC bought a new stake in Schwab U.S. TIPS ETF during the second quarter worth approximately $105,000. CWM LLC grew its position in Schwab U.S. TIPS ETF by 13.9% in the third quarter. CWM LLC now owns 2,810 shares of the company’s stock worth $151,000 after buying an additional 344 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new position in shares of Schwab U.S. TIPS ETF in the third quarter valued at $202,000. Finally, WealthBridge Capital Management LLC acquired a new stake in shares of Schwab U.S. TIPS ETF during the 3rd quarter valued at $203,000.
Schwab U.S. TIPS ETF Stock Performance
Shares of NYSEARCA SCHP traded down $0.04 during mid-day trading on Tuesday, reaching $25.74. The company had a trading volume of 3,880,217 shares, compared to its average volume of 3,682,720. Schwab U.S. TIPS ETF has a 1-year low of $25.46 and a 1-year high of $26.96. The company has a 50-day moving average price of $26.13 and a two-hundred day moving average price of $26.31.
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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