Bauman Advisory Group LLC Acquires Shares of 53,728 Schwab U.S. TIPS ETF $SCHP

Bauman Advisory Group LLC bought a new stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 53,728 shares of the company’s stock, valued at approximately $1,430,000. Schwab U.S. TIPS ETF accounts for 1.0% of Bauman Advisory Group LLC’s investment portfolio, making the stock its 22nd biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Archer Investment Corp increased its stake in Schwab U.S. TIPS ETF by 212.2% during the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after buying an additional 660 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Schwab U.S. TIPS ETF in the fourth quarter worth approximately $29,000. Olistico Wealth LLC acquired a new stake in shares of Schwab U.S. TIPS ETF in the fourth quarter worth approximately $30,000. Ameritas Investment Partners Inc. increased its position in shares of Schwab U.S. TIPS ETF by 83.9% during the third quarter. Ameritas Investment Partners Inc. now owns 1,199 shares of the company’s stock worth $32,000 after purchasing an additional 547 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of Schwab U.S. TIPS ETF by 69.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,316 shares of the company’s stock worth $35,000 after purchasing an additional 541 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

NYSEARCA SCHP opened at $26.19 on Friday. The business has a fifty day moving average price of $26.51 and a 200 day moving average price of $26.63. Schwab U.S. TIPS ETF has a one year low of $26.14 and a one year 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.