D.A. Davidson & CO. Invests $4.16 Million in Schwab U.S. TIPS ETF $SCHP

D.A. Davidson & CO. purchased a new position in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 156,144 shares of the company’s stock, valued at approximately $4,155,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lincoln National Corp raised its position in Schwab U.S. TIPS ETF by 180.0% in the 1st quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock valued at $237,038,000 after purchasing an additional 5,726,082 shares during the last quarter. Beacon Pointe Advisors LLC increased its stake in shares of Schwab U.S. TIPS ETF by 839.0% in the fourth quarter. Beacon Pointe Advisors LLC now owns 3,546,615 shares of the company’s stock valued at $93,950,000 after buying an additional 3,168,924 shares in the last quarter. Nepc LLC increased its stake in shares of Schwab U.S. TIPS ETF by 64.9% in the fourth quarter. Nepc LLC now owns 7,572,111 shares of the company’s stock valued at $200,585,000 after buying an additional 2,980,022 shares in the last quarter. 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 buying an additional 2,732,156 shares during the last quarter. Finally, Valpey Financial Services LLC raised its holdings in shares of Schwab U.S. TIPS ETF by 2,722.6% in the fourth quarter. Valpey Financial Services LLC now owns 1,970,938 shares of the company’s stock valued at $52,210,000 after buying an additional 1,901,111 shares during the last quarter.

Schwab U.S. TIPS ETF Trading Up 0.3%

Shares of NYSEARCA SCHP opened at $26.26 on Friday. The firm’s 50-day simple moving average is $26.50 and its 200 day simple moving average is $26.63. 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.