Principal Financial Group Inc. Acquires 10,327 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Principal Financial Group Inc. raised its holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 6.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 173,650 shares of the company’s stock after acquiring an additional 10,327 shares during the quarter. Principal Financial Group Inc. owned approximately 0.08% of Schwab U.S. TIPS ETF worth $9,313,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spire Wealth Management increased its stake in Schwab U.S. TIPS ETF by 653.8% in the 2nd quarter. Spire Wealth Management now owns 11,842 shares of the company’s stock worth $616,000 after buying an additional 10,271 shares during the period. Aptus Capital Advisors LLC raised its stake in shares of Schwab U.S. TIPS ETF by 11.8% during the second quarter. Aptus Capital Advisors LLC now owns 4,390 shares of the company’s stock valued at $228,000 after acquiring an additional 463 shares in the last quarter. Summit Financial LLC boosted its holdings in shares of Schwab U.S. TIPS ETF by 23.9% in the second quarter. Summit Financial LLC now owns 21,010 shares of the company’s stock valued at $1,093,000 after purchasing an additional 4,054 shares during the period. Family Asset Management LLC bought a new position in Schwab U.S. TIPS ETF in the second quarter worth approximately $36,000. Finally, Resonant Capital Advisors LLC increased its holdings in Schwab U.S. TIPS ETF by 7.0% during the 2nd quarter. Resonant Capital Advisors LLC now owns 166,008 shares of the company’s stock worth $8,634,000 after purchasing an additional 10,874 shares during the period.

Schwab U.S. TIPS ETF Trading Up 0.3 %

Shares of SCHP stock opened at $25.83 on Tuesday. Schwab U.S. TIPS ETF has a twelve month low of $25.46 and a twelve month high of $26.96. The stock has a fifty day simple moving average of $26.18 and a two-hundred day simple moving average of $26.32.

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.