Rialto Wealth Management LLC purchased a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 2,792 shares of the company’s stock, valued at approximately $72,000.
Several other hedge funds have also bought and sold shares of the stock. Lifeworks Advisors LLC bought a new stake in shares of Schwab U.S. TIPS ETF in the fourth quarter worth about $302,000. Larson Financial Group LLC grew its holdings in Schwab U.S. TIPS ETF by 130.4% during the 4th quarter. Larson Financial Group LLC now owns 8,982 shares of the company’s stock valued at $232,000 after buying an additional 5,083 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Schwab U.S. TIPS ETF by 87.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 203,884 shares of the company’s stock worth $5,266,000 after acquiring an additional 94,996 shares during the last quarter. Aviance Capital Partners LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 95.1% during the 4th quarter. Aviance Capital Partners LLC now owns 140,329 shares of the company’s stock worth $3,625,000 after acquiring an additional 68,394 shares in the last quarter. Finally, AMG National Trust Bank bought a new position in shares of Schwab U.S. TIPS ETF during the 4th quarter valued at approximately $817,000.
Schwab U.S. TIPS ETF Price Performance
SCHP stock opened at $26.49 on Friday. The firm has a fifty day moving average price of $26.15 and a 200 day moving average price of $26.32. Schwab U.S. TIPS ETF has a fifty-two week low of $25.46 and a fifty-two week high of $26.96.
Schwab U.S. TIPS ETF Company Profile
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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