Schwab U.S. TIPS ETF (NYSEARCA:SCHP) Shares Bought by Brighton Jones LLC

Brighton Jones LLC grew its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 16.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,954 shares of the company’s stock after buying an additional 1,264 shares during the period. Brighton Jones LLC’s holdings in Schwab U.S. TIPS ETF were worth $466,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SCHP. Transcendent Capital Group LLC acquired a new position in Schwab U.S. TIPS ETF in the fourth quarter valued at $26,000. Mather Group LLC. acquired a new stake in shares of Schwab U.S. TIPS ETF in the 1st quarter valued at about $27,000. Pathway Financial Advisers LLC purchased a new position in Schwab U.S. TIPS ETF during the 1st quarter worth approximately $33,000. LGT Financial Advisors LLC increased its position in 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 period. Finally, Family Asset Management LLC purchased a new stake in Schwab U.S. TIPS ETF in the second quarter valued at approximately $36,000.

Schwab U.S. TIPS ETF Stock Performance

Shares of SCHP opened at $53.65 on Friday. The company’s 50 day simple moving average is $52.86 and its 200-day simple moving average is $52.17. Schwab U.S. TIPS ETF has a 12-month low of $49.50 and a 12-month 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.