LifeGoal Wealth Advisors Takes Position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

LifeGoal Wealth Advisors purchased a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 39,219 shares of the company’s stock, valued at approximately $1,013,000. Schwab U.S. TIPS ETF accounts for about 1.1% of LifeGoal Wealth Advisors’ investment portfolio, making the stock its 24th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in SCHP. Summit Wealth Group LLC increased its stake in shares of Schwab U.S. TIPS ETF by 109.3% in the 4th quarter. Summit Wealth Group LLC now owns 275,134 shares of the company’s stock worth $7,107,000 after acquiring an additional 143,663 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Schwab U.S. TIPS ETF by 97.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,305,109 shares of the company’s stock worth $59,541,000 after purchasing an additional 1,134,710 shares during the period. Transcendent Capital Group LLC boosted its holdings in Schwab U.S. TIPS ETF by 112.1% in the 4th quarter. Transcendent Capital Group LLC now owns 1,048 shares of the company’s stock valued at $27,000 after purchasing an additional 554 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Schwab U.S. TIPS ETF by 140.0% in the 4th quarter. IFP Advisors Inc now owns 78,543 shares of the company’s stock valued at $2,029,000 after buying an additional 45,818 shares during the period. Finally, WealthShield Partners LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 757.6% during the 4th quarter. WealthShield Partners LLC now owns 3,233 shares of the company’s stock worth $84,000 after buying an additional 2,856 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.5 %

SCHP stock opened at $26.54 on Wednesday. Schwab U.S. TIPS ETF has a one year low of $25.46 and a one year high of $26.96. The firm’s 50 day moving average price is $26.02 and its 200-day moving average price is $26.30.

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.