Fairscale Capital LLC Invests $105,000 in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Fairscale Capital LLC bought a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,000 shares of the company’s stock, valued at approximately $105,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in Schwab U.S. TIPS ETF during the 4th quarter worth $26,000. Mather Group LLC. purchased a new stake in shares of Schwab U.S. TIPS ETF in the first quarter worth about $27,000. Pathway Financial Advisers LLC purchased a new stake in shares of Schwab U.S. TIPS ETF during the 1st quarter valued at about $33,000. LGT Financial Advisors LLC lifted its position in Schwab U.S. TIPS ETF by 81.8% during the 2nd 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 purchased a new position in Schwab U.S. TIPS ETF in the 2nd quarter worth approximately $36,000.

Schwab U.S. TIPS ETF Trading Up 0.6 %

SCHP opened at $53.65 on Monday. The firm’s 50 day moving average is $52.86 and its 200-day moving average is $52.17. Schwab U.S. TIPS ETF has a 52-week low of $49.50 and a 52-week 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.