GPS Wealth Strategies Group LLC Has $99,000 Stock Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

GPS Wealth Strategies Group LLC boosted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 63.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,839 shares of the company’s stock after purchasing an additional 1,488 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Schwab U.S. TIPS ETF were worth $99,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in SCHP. CENTRAL TRUST Co lifted its position in shares of Schwab U.S. TIPS ETF by 92.2% in the fourth quarter. CENTRAL TRUST Co now owns 5,872,188 shares of the company’s stock valued at $151,679,000 after buying an additional 2,817,586 shares during the last quarter. McAdam LLC increased its position in Schwab U.S. TIPS ETF by 102.5% during the 4th quarter. McAdam LLC now owns 284,532 shares of the company’s stock worth $7,349,000 after buying an additional 144,022 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in Schwab U.S. TIPS ETF by 108.4% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 19,526 shares of the company’s stock worth $504,000 after purchasing an additional 10,156 shares in the last quarter. Spire Wealth Management grew its position in shares of Schwab U.S. TIPS ETF by 89.0% during the 4th quarter. Spire Wealth Management now owns 12,444 shares of the company’s stock worth $321,000 after purchasing an additional 5,860 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its position in shares of Schwab U.S. TIPS ETF by 74.7% in the fourth quarter. Richardson Financial Services Inc. now owns 5,773 shares of the company’s stock valued at $149,000 after buying an additional 2,468 shares in the last quarter.

Schwab U.S. TIPS ETF Stock Performance

Schwab U.S. TIPS ETF stock opened at $26.20 on Tuesday. The stock’s fifty day moving average price is $26.03 and its two-hundred day moving average price is $26.30. Schwab U.S. TIPS ETF has a one year low of $25.46 and a one year 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.