Private Advisor Group LLC Raises Stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Private Advisor Group LLC increased its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,281 shares of the company’s stock after buying an additional 203 shares during the period. Private Advisor Group LLC’s holdings in Schwab U.S. TIPS ETF were worth $4,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lincoln National Corp grew its stake in Schwab U.S. TIPS ETF by 18,532.4% in the 2nd quarter. Lincoln National Corp now owns 4,087,949 shares of the company’s stock worth $212,614,000 after acquiring an additional 4,066,009 shares in the last quarter. Perella Weinberg Partners Capital Management LP bought a new position in Schwab U.S. TIPS ETF in the fourth quarter worth approximately $103,053,000. Nepc LLC purchased a new position in Schwab U.S. TIPS ETF during the 4th quarter worth $78,399,000. UBS Group AG raised its position in Schwab U.S. TIPS ETF by 92.8% during the 4th quarter. UBS Group AG now owns 1,743,378 shares of the company’s stock valued at $91,004,000 after purchasing an additional 838,923 shares in the last quarter. Finally, Elm Partners Management LLC lifted its holdings in shares of Schwab U.S. TIPS ETF by 53.8% in the 2nd quarter. Elm Partners Management LLC now owns 1,756,878 shares of the company’s stock worth $91,375,000 after buying an additional 614,367 shares during the period.

Schwab U.S. TIPS ETF Price Performance

SCHP opened at $53.39 on Wednesday. Schwab U.S. TIPS ETF has a 12-month low of $49.50 and a 12-month high of $53.39. The business’s fifty day simple moving average is $52.63 and its 200-day simple moving average is $52.07.

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.