Wealth Management Solutions LLC Purchases 28,134 Shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Wealth Management Solutions LLC raised its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHPGet Rating) by 10.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 296,607 shares of the company’s stock after acquiring an additional 28,134 shares during the quarter. Schwab U.S. TIPS ETF comprises about 9.0% of Wealth Management Solutions LLC’s portfolio, making the stock its 4th biggest holding. Wealth Management Solutions LLC’s holdings in Schwab U.S. TIPS ETF were worth $15,364,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SCHP. Bank of New York Mellon Corp boosted its holdings in Schwab U.S. TIPS ETF by 160.7% in the 1st quarter. Bank of New York Mellon Corp now owns 541,345 shares of the company’s stock worth $32,865,000 after buying an additional 333,656 shares during the last quarter. Synovus Financial Corp lifted its stake in Schwab U.S. TIPS ETF by 11.6% in the 1st quarter. Synovus Financial Corp now owns 3,660 shares of the company’s stock worth $223,000 after purchasing an additional 381 shares in the last quarter. Moors & Cabot Inc. lifted its stake in Schwab U.S. TIPS ETF by 7.3% in the 1st quarter. Moors & Cabot Inc. now owns 8,144 shares of the company’s stock worth $494,000 after purchasing an additional 551 shares in the last quarter. Zions Bancorporation N.A. purchased a new position in Schwab U.S. TIPS ETF in the 1st quarter worth approximately $65,000. Finally, NewEdge Advisors LLC lifted its stake in Schwab U.S. TIPS ETF by 65.1% in the 1st quarter. NewEdge Advisors LLC now owns 24,423 shares of the company’s stock worth $1,482,000 after purchasing an additional 9,629 shares in the last quarter.

Schwab U.S. TIPS ETF Price Performance

SCHP opened at $53.08 on Wednesday. The company’s 50 day simple moving average is $52.57 and its two-hundred day simple moving average is $53.72. Schwab U.S. TIPS ETF has a 1-year low of $51.47 and a 1-year high of $63.15.

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Institutional Ownership by Quarter for Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

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