DMC Group LLC raised its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 78.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,860 shares of the company’s stock after buying an additional 11,335 shares during the quarter. DMC Group LLC’s holdings in Schwab U.S. TIPS ETF were worth $668,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the 2nd quarter valued at about $943,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Schwab U.S. TIPS ETF by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 167,301 shares of the company’s stock valued at $8,701,000 after acquiring an additional 3,865 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Schwab U.S. TIPS ETF by 47.5% during the second quarter. NewEdge Advisors LLC now owns 46,833 shares of the company’s stock worth $2,436,000 after purchasing an additional 15,089 shares during the period. EP Wealth Advisors LLC bought a new position in shares of Schwab U.S. TIPS ETF in the 2nd quarter worth $203,000. Finally, Cetera Investment Advisers grew its position in Schwab U.S. TIPS ETF by 11.9% in the 2nd quarter. Cetera Investment Advisers now owns 356,016 shares of the company’s stock valued at $18,516,000 after purchasing an additional 37,826 shares during the period.
Schwab U.S. TIPS ETF Stock Performance
Shares of SCHP stock opened at $26.11 on Thursday. The firm has a fifty day simple moving average of $26.03 and a two-hundred day simple moving average of $26.30. Schwab U.S. TIPS ETF has a 12 month low of $25.46 and a 12 month high of $26.96.
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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