Asset Management Group Inc. lifted its position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 0.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 289,528 shares of the company’s stock after buying an additional 2,308 shares during the period. Schwab U.S. TIPS ETF makes up approximately 2.8% of Asset Management Group Inc.’s portfolio, making the stock its 8th largest position. Asset Management Group Inc. owned about 0.14% of Schwab U.S. TIPS ETF worth $15,058,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Lincoln National Corp boosted its stake in Schwab U.S. TIPS ETF by 18,532.4% during the second quarter. Lincoln National Corp now owns 4,087,949 shares of the company’s stock worth $212,614,000 after buying an additional 4,066,009 shares during the period. Perella Weinberg Partners Capital Management LP acquired a new stake in Schwab U.S. TIPS ETF in the 4th quarter valued at approximately $103,053,000. Nepc LLC acquired a new stake in Schwab U.S. TIPS ETF in the 4th quarter valued at approximately $78,399,000. Elm Partners Management LLC raised its position in Schwab U.S. TIPS ETF by 53.8% in the second quarter. Elm Partners Management LLC now owns 1,756,878 shares of the company’s stock valued at $91,375,000 after purchasing an additional 614,367 shares during the period. Finally, BlueSky Wealth Advisors LLC acquired a new position in Schwab U.S. TIPS ETF during the second quarter worth $31,869,000.
Schwab U.S. TIPS ETF Trading Up 0.6 %
Schwab U.S. TIPS ETF stock opened at $53.65 on Friday. Schwab U.S. TIPS ETF has a 52-week low of $49.50 and a 52-week high of $53.90. The company’s 50 day moving average is $52.86 and its two-hundred day moving average is $52.17.
About Schwab U.S. TIPS ETF
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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