Oder Investment Management LLC increased its position in Schwab U.S. TIPS ETF (NYSEARCA:SCHP – Free Report) by 3.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,242 shares of the company’s stock after acquiring an additional 768 shares during the quarter. Oder Investment Management LLC’s holdings in Schwab U.S. TIPS ETF were worth $598,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC boosted its stake in Schwab U.S. TIPS ETF by 246.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,050 shares of the company’s stock worth $27,000 after purchasing an additional 747 shares during the period. NBC Securities Inc. lifted its position in Schwab U.S. TIPS ETF by 115,900.0% in the first quarter. NBC Securities Inc. now owns 1,160 shares of the company’s stock worth $31,000 after buying an additional 1,159 shares during the last quarter. Abound Wealth Management bought a new stake in Schwab U.S. TIPS ETF in the first quarter worth $36,000. Center for Financial Planning Inc. bought a new stake in shares of Schwab U.S. TIPS ETF during the first quarter worth $38,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Schwab U.S. TIPS ETF during the first quarter valued at $41,000.
Schwab U.S. TIPS ETF Stock Down 0.3%
SCHP stock opened at $26.64 on Friday. Schwab U.S. TIPS ETF has a 12 month low of $25.68 and a 12 month high of $27.06. The firm’s 50-day moving average is $26.56 and its 200 day moving average is $26.49.
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.
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