Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Stock Holdings Boosted by Asset Management Group Inc.

Asset Management Group Inc. grew its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 289,528 shares of the company’s stock after buying an additional 2,308 shares during the period. Schwab U.S. TIPS ETF accounts for 2.8% of Asset Management Group Inc.’s investment portfolio, making the stock its 8th largest holding. Asset Management Group Inc.’s holdings in Schwab U.S. TIPS ETF were worth $15,058,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHP. Transcendent Capital Group LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter worth approximately $26,000. Mather Group LLC. acquired a new position in Schwab U.S. TIPS ETF in the first quarter valued at $27,000. Pathway Financial Advisers LLC acquired a new stake in shares of Schwab U.S. TIPS ETF during the first quarter worth about $33,000. LGT Financial Advisors LLC grew its holdings in shares of Schwab U.S. TIPS ETF by 81.8% during the second quarter. LGT Financial Advisors LLC now owns 680 shares of the company’s stock worth $35,000 after buying an additional 306 shares during the last quarter. Finally, Family Asset Management LLC purchased a new stake in Schwab U.S. TIPS ETF during the 2nd quarter valued at approximately $36,000.

Schwab U.S. TIPS ETF Stock Up 0.6 %

Shares of NYSEARCA SCHP opened at $53.65 on Friday. The stock has a fifty day moving average price of $52.86 and a 200 day moving average price of $52.17. Schwab U.S. TIPS ETF has a 1-year low of $49.50 and a 1-year high of $53.90.

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.