Assetmark Inc. Buys 755,117 Shares of Schwab U.S. TIPS ETF $SCHP

Assetmark Inc. lifted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 39.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,687,120 shares of the company’s stock after buying an additional 755,117 shares during the quarter. Assetmark Inc. owned about 0.47% of Schwab U.S. TIPS ETF worth $71,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Archer Investment Corp grew its position in shares of Schwab U.S. TIPS ETF by 212.2% in the 1st quarter. Archer Investment Corp now owns 971 shares of the company’s stock worth $26,000 after buying an additional 660 shares during the period. Lloyd Advisory Services LLC. bought a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter valued at approximately $29,000. Olistico Wealth LLC purchased a new position in shares of Schwab U.S. TIPS ETF during the fourth quarter valued at approximately $30,000. Ameritas Investment Partners Inc. lifted its holdings 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 valued at $32,000 after purchasing an additional 547 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings 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 valued at $35,000 after purchasing an additional 541 shares during the last quarter.

Schwab U.S. TIPS ETF Price Performance

Shares of SCHP opened at $26.26 on Friday. The business’s 50 day moving average price is $26.50 and its 200-day moving average price is $26.63. Schwab U.S. TIPS ETF has a 52 week low of $26.14 and a 52 week 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.