Flatrock Wealth Partners LLC Takes Position in Schwab U.S. TIPS ETF $SCHP

Flatrock Wealth Partners LLC purchased a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 82,247 shares of the company’s stock, valued at approximately $2,189,000. Schwab U.S. TIPS ETF comprises about 1.0% of Flatrock Wealth Partners LLC’s holdings, making the stock its 24th biggest holding.

Other large investors have also bought and sold shares of the company. Quadratic Capital Management LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 23.2% in the fourth quarter. Quadratic Capital Management LLC now owns 14,499,201 shares of the company’s stock valued at $384,084,000 after purchasing an additional 2,732,156 shares during the last quarter. Sei Investments Co. lifted its position in shares of Schwab U.S. TIPS ETF by 4.0% during the third quarter. Sei Investments Co. now owns 11,824,350 shares of the company’s stock valued at $318,667,000 after purchasing an additional 458,736 shares in the last quarter. Cerity Partners LLC boosted its holdings in Schwab U.S. TIPS ETF by 11.2% during the fourth quarter. Cerity Partners LLC now owns 9,291,730 shares of the company’s stock worth $246,138,000 after purchasing an additional 936,063 shares during the last quarter. Evoke Wealth LLC boosted its holdings in Schwab U.S. TIPS ETF by 16.5% during the fourth quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock worth $239,272,000 after purchasing an additional 1,281,394 shares during the last quarter. Finally, CENTRAL TRUST Co grew its position in Schwab U.S. TIPS ETF by 5.5% in the 1st quarter. CENTRAL TRUST Co now owns 8,055,215 shares of the company’s stock worth $214,349,000 after purchasing an additional 421,678 shares in the last quarter.

Schwab U.S. TIPS ETF Trading Down 0.2%

NYSEARCA:SCHP opened at $26.24 on Wednesday. Schwab U.S. TIPS ETF has a 52 week low of $26.22 and a 52 week high of $27.19. The firm has a 50-day moving average price of $26.60 and a two-hundred day moving average price of $26.65.

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.