Schwab U.S. TIPS ETF $SCHP Shares Purchased by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. increased its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 6,626.5% in the third quarter, HoldingsChannel.com reports. The firm owned 621,258 shares of the company’s stock after buying an additional 612,022 shares during the period. Schwab U.S. TIPS ETF accounts for approximately 1.2% of Armstrong Advisory Group Inc.’s portfolio, making the stock its 21st largest holding. Armstrong Advisory Group Inc.’s holdings in Schwab U.S. TIPS ETF were worth $16,743,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mogy Joel R Investment Counsel Inc. purchased a new position in shares of Schwab U.S. TIPS ETF during the second quarter worth $32,000. Bessemer Group Inc. purchased a new position in shares of Schwab U.S. TIPS ETF in the second quarter valued at approximately $32,000. Hantz Financial Services Inc. acquired a new stake in shares of Schwab U.S. TIPS ETF in the second quarter valued at $35,000. Bogart Wealth LLC increased its stake in shares of Schwab U.S. TIPS ETF by 64.1% during the second quarter. Bogart Wealth LLC now owns 1,411 shares of the company’s stock worth $38,000 after buying an additional 551 shares during the period. Finally, Horizon Bancorp Inc. IN acquired a new stake in Schwab U.S. TIPS ETF in the second quarter valued at approximately $43,000.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised shares of Schwab U.S. TIPS ETF to a “hold” rating in a research report on Friday, December 5th.

Schwab U.S. TIPS ETF Stock Up 0.1%

Shares of SCHP stock opened at $26.67 on Thursday. The stock’s 50-day moving average is $26.87 and its two-hundred day moving average is $26.75. Schwab U.S. TIPS ETF has a 1 year low of $25.68 and a 1 year high of $27.19.

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.