Asset Management Group Inc. Buys 48,037 Shares of Schwab U.S. TIPS ETF $SCHP

Asset Management Group Inc. raised its stake in Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 8.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 618,527 shares of the company’s stock after acquiring an additional 48,037 shares during the quarter. Schwab U.S. TIPS ETF comprises 2.7% of Asset Management Group Inc.’s holdings, making the stock its 10th largest position. Asset Management Group Inc.’s holdings in Schwab U.S. TIPS ETF were worth $16,459,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Lincoln National Corp boosted its holdings in shares of Schwab U.S. TIPS ETF by 180.0% during the first quarter. Lincoln National Corp now owns 8,907,849 shares of the company’s stock worth $237,038,000 after acquiring an additional 5,726,082 shares during the period. Beacon Pointe Advisors LLC grew its holdings in Schwab U.S. TIPS ETF by 839.0% in the 4th 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 grew its holdings in Schwab U.S. TIPS ETF by 64.9% in the 4th 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. Valpey Financial Services LLC increased its position in Schwab U.S. TIPS ETF by 2,722.6% during the 4th quarter. Valpey Financial Services LLC now owns 1,970,938 shares of the company’s stock worth $52,210,000 after buying an additional 1,901,111 shares during the period. Finally, Arax Advisory Partners bought a new position in Schwab U.S. TIPS ETF during the 4th quarter worth $45,636,000.

Schwab U.S. TIPS ETF Stock Up 0.1%

NYSEARCA:SCHP opened at $26.09 on Friday. Schwab U.S. TIPS ETF has a 52 week low of $26.06 and a 52 week high of $27.19. The firm’s 50-day simple moving average is $26.44 and its 200 day simple moving average is $26.62.

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.