Schwab U.S. TIPS ETF (NYSEARCA:SCHP) is Joseph Group Capital Management’s Largest Position

Joseph Group Capital Management raised its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 3.1% during the 2nd quarter, Holdings Channel reports. The fund owned 497,684 shares of the company’s stock after purchasing an additional 14,902 shares during the period. Schwab U.S. TIPS ETF makes up approximately 13.4% of Joseph Group Capital Management’s investment portfolio, making the stock its biggest position. Joseph Group Capital Management’s holdings in Schwab U.S. TIPS ETF were worth $25,885,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. OMNI 360 Wealth Inc. grew its position in Schwab U.S. TIPS ETF by 1.4% in the first quarter. OMNI 360 Wealth Inc. now owns 15,568 shares of the company’s stock worth $812,000 after acquiring an additional 219 shares in the last quarter. Ameritas Advisory Services LLC increased its position in shares of Schwab U.S. TIPS ETF by 2.6% during the 2nd quarter. Ameritas Advisory Services LLC now owns 9,806 shares of the company’s stock valued at $510,000 after purchasing an additional 250 shares during the last quarter. Focus Financial Network Inc. increased its position in shares of Schwab U.S. TIPS ETF by 0.7% during the 2nd quarter. Focus Financial Network Inc. now owns 38,685 shares of the company’s stock valued at $2,031,000 after purchasing an additional 253 shares during the last quarter. UMB Bank n.a. raised its holdings in Schwab U.S. TIPS ETF by 6.7% during the 1st quarter. UMB Bank n.a. now owns 4,489 shares of the company’s stock valued at $234,000 after buying an additional 281 shares during the period. Finally, Patriot Investment Management Group Inc. lifted its position in Schwab U.S. TIPS ETF by 1.4% in the second quarter. Patriot Investment Management Group Inc. now owns 21,680 shares of the company’s stock worth $1,128,000 after buying an additional 289 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Down 0.5 %

SCHP stock opened at $53.31 on Friday. Schwab U.S. TIPS ETF has a twelve month low of $49.50 and a twelve month high of $53.90. The firm’s fifty day simple moving average is $52.84 and its two-hundred day simple moving average is $52.16.

Schwab U.S. TIPS ETF 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.