Ascentis Independent Advisors Buys New Shares in Schwab U.S. TIPS ETF $SCHP

Ascentis Independent Advisors bought a new position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) in the first quarter, Holdings Channel.com reports. The firm bought 20,051 shares of the company’s stock, valued at approximately $534,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHP. Quadratic Capital Management LLC grew its stake in Schwab U.S. TIPS ETF by 23.2% during the 4th 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. grew its stake in shares of Schwab U.S. TIPS ETF by 4.0% during the 3rd quarter. Sei Investments Co. now owns 11,824,350 shares of the company’s stock worth $318,667,000 after purchasing an additional 458,736 shares during the period. Cerity Partners LLC grew its stake in shares of Schwab U.S. TIPS ETF by 11.2% during the 4th 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 period. Evoke Wealth LLC increased its holdings in shares of Schwab U.S. TIPS ETF by 16.5% during the 4th quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock valued at $239,272,000 after purchasing an additional 1,281,394 shares in the last quarter. Finally, CENTRAL TRUST Co increased its holdings in shares of Schwab U.S. TIPS ETF by 5.5% during the 1st quarter. CENTRAL TRUST Co now owns 8,055,215 shares of the company’s stock valued at $214,349,000 after purchasing an additional 421,678 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP stock opened at $26.21 on Thursday. Schwab U.S. TIPS ETF has a 52-week low of $26.19 and a 52-week high of $27.19. The company’s 50-day simple moving average is $26.59 and its 200-day simple moving average is $26.65.

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.