Strategic Financial Concepts LLC Has $21.70 Million Holdings in Schwab U.S. TIPS ETF (NYSEARCA:SCHP)

Strategic Financial Concepts LLC lifted its stake in shares of Schwab U.S. TIPS ETF (NYSEARCA:SCHP) by 5,365.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 417,250 shares of the company’s stock after purchasing an additional 409,616 shares during the period. Strategic Financial Concepts LLC owned approximately 0.20% of Schwab U.S. TIPS ETF worth $21,701,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Savvy Advisors Inc. acquired a new stake in Schwab U.S. TIPS ETF during the 4th quarter worth $893,000. BlueSky Wealth Advisors LLC increased its holdings in Schwab U.S. TIPS ETF by 2.2% in the fourth quarter. BlueSky Wealth Advisors LLC now owns 601,327 shares of the company’s stock valued at $31,389,000 after purchasing an additional 12,684 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Schwab U.S. TIPS ETF by 9.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 43,791 shares of the company’s stock valued at $2,286,000 after purchasing an additional 3,845 shares during the last quarter. Crewe Advisors LLC boosted its holdings in Schwab U.S. TIPS ETF by 295.7% during the fourth quarter. Crewe Advisors LLC now owns 930 shares of the company’s stock worth $49,000 after buying an additional 695 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Schwab U.S. TIPS ETF by 92.8% during the 4th quarter. UBS Group AG now owns 1,743,378 shares of the company’s stock worth $91,004,000 after buying an additional 838,923 shares during the period.

Schwab U.S. TIPS ETF Stock Up 0.1 %

Shares of SCHP stock opened at $53.13 on Friday. The stock has a 50-day moving average of $52.56 and a 200-day moving average of $52.04. Schwab U.S. TIPS ETF has a one year low of $49.50 and a one year high of $53.38.

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.