Fifth Third Bancorp Has $11.23 Million Position in Schwab U.S. TIPS ETF $SCHP

Fifth Third Bancorp increased its holdings in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 112.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 422,223 shares of the company’s stock after purchasing an additional 223,744 shares during the period. Fifth Third Bancorp owned 0.07% of Schwab U.S. TIPS ETF worth $11,235,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quadratic Capital Management LLC grew its position 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. Cerity Partners LLC lifted its stake 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 stake in Schwab U.S. TIPS ETF by 16.5% in the fourth quarter. Evoke Wealth LLC now owns 9,032,516 shares of the company’s stock valued at $239,272,000 after buying an additional 1,281,394 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of 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 valued at $214,349,000 after purchasing an additional 421,678 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Schwab U.S. TIPS ETF by 1.1% during the third quarter. Alliancebernstein L.P. now owns 7,918,767 shares of the company’s stock worth $213,411,000 after buying an additional 85,047 shares during the last quarter.

Schwab U.S. TIPS ETF Stock Up 0.1%

Shares of SCHP opened at $26.20 on Wednesday. The business has a 50-day simple moving average of $26.54 and a two-hundred day simple moving average of $26.64. Schwab U.S. TIPS ETF has a 12-month low of $26.14 and a 12-month high of $27.19.

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.