Simplify Asset Management Inc. bought a new stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 605,686 shares of the company’s stock, valued at approximately $31,502,000. Schwab U.S. TIPS ETF comprises approximately 2.1% of Simplify Asset Management Inc.’s portfolio, making the stock its 9th largest holding. Simplify Asset Management Inc. owned approximately 0.29% of Schwab U.S. TIPS ETF at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in SCHP. Transcendent Capital Group LLC bought a new stake in Schwab U.S. TIPS ETF in the fourth quarter valued at approximately $26,000. Mather Group LLC. bought a new stake in shares of Schwab U.S. TIPS ETF in the 1st quarter valued at $27,000. Pathway Financial Advisers LLC acquired a new stake in Schwab U.S. TIPS ETF during the 1st quarter worth $33,000. LGT Financial Advisors LLC lifted its holdings 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 acquiring an additional 306 shares in the last quarter. Finally, Family Asset Management LLC acquired a new position in Schwab U.S. TIPS ETF in the second quarter valued at about $36,000.
Schwab U.S. TIPS ETF Stock Performance
Shares of Schwab U.S. TIPS ETF stock opened at $53.31 on Friday. The business has a 50-day moving average of $52.84 and a two-hundred day moving average of $52.16. 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 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.
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